<p>American toy and clothing retailer Toys 'R' Us is said to have shut within 24 hours a store it opened in Hyderabad to mark its second entry into India over some legal complexities with the mall owner, sources said.</p>.<p>Toys 'R' Us opened a store in Sarath city Capital mall in Hyderabad on March 11 but closed it within 24 hours, two sources with knowledge of the matter said.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/over-18500-toys-seized-from-hamleys-archies-and-other-stores-for-lack-of-bis-quality-mark-govt-1180298.html" target="_blank">Over 18,500 toys seized from Hamleys, Archies and other stores for lack of BIS quality mark: Govt</a></strong></p>.<p>Emails sent to the company, as well as its Indian operator and the mall owners, remained unanswered.</p>.<p>Sources said a no-compete clause with another global toy retailer is said to be behind the mall pulling the plug on Toys 'R' Us.</p>.<p>Just like cola brands Coke and Pepsi are seldom retailed from the same restaurant, the no-compete clause meant the two competing toy retailers could not operate in the same mall. The other retailer already had a shop in the mall.</p>.<p>Toys 'R' Us has been launched in India in two formats - Toys 'R' Us, which is the world's leading toy store, and Babies 'R' Us, a one-stop destination for baby essentials.</p>.<p>It is run by a Bangalore-based firm, Ace turtle, which entered into a joint venture with the Flipkart Group's wholesale entity in India to acquire the licence for Toys 'R' Us and Babies 'R' Us in June 2021.</p>.<p>The toy retailer had made an unsuccessful entry into India in 2017 when it tied up with Tablez India, a division of Abu Dhabi-based Lulu Group International, for an exclusive master franchise agreement.</p>.<p>It launched the global toy brand in India in October 2017 with plans to open 200-plus stores. But it could managed to open only 14 stores which wound up within three years of operations.</p>
<p>American toy and clothing retailer Toys 'R' Us is said to have shut within 24 hours a store it opened in Hyderabad to mark its second entry into India over some legal complexities with the mall owner, sources said.</p>.<p>Toys 'R' Us opened a store in Sarath city Capital mall in Hyderabad on March 11 but closed it within 24 hours, two sources with knowledge of the matter said.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/national/over-18500-toys-seized-from-hamleys-archies-and-other-stores-for-lack-of-bis-quality-mark-govt-1180298.html" target="_blank">Over 18,500 toys seized from Hamleys, Archies and other stores for lack of BIS quality mark: Govt</a></strong></p>.<p>Emails sent to the company, as well as its Indian operator and the mall owners, remained unanswered.</p>.<p>Sources said a no-compete clause with another global toy retailer is said to be behind the mall pulling the plug on Toys 'R' Us.</p>.<p>Just like cola brands Coke and Pepsi are seldom retailed from the same restaurant, the no-compete clause meant the two competing toy retailers could not operate in the same mall. The other retailer already had a shop in the mall.</p>.<p>Toys 'R' Us has been launched in India in two formats - Toys 'R' Us, which is the world's leading toy store, and Babies 'R' Us, a one-stop destination for baby essentials.</p>.<p>It is run by a Bangalore-based firm, Ace turtle, which entered into a joint venture with the Flipkart Group's wholesale entity in India to acquire the licence for Toys 'R' Us and Babies 'R' Us in June 2021.</p>.<p>The toy retailer had made an unsuccessful entry into India in 2017 when it tied up with Tablez India, a division of Abu Dhabi-based Lulu Group International, for an exclusive master franchise agreement.</p>.<p>It launched the global toy brand in India in October 2017 with plans to open 200-plus stores. But it could managed to open only 14 stores which wound up within three years of operations.</p>