All Toys R Us stores expected to close

  • 14 March 2018

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All Toys R Us stores in the UK are expected to close in the next six weeks following the chain’s collapse into administration.

The BBC understands that attempts to find a buyer for the US retailer’s 100 stores in the UK have failed.

Twenty five stores have either closed in recent days or are due to shut by Thursday.

The collapse will put more than 3,000 people out of work as a dismal period for the retail sector continues.

Administrators Moorfields were appointed last month to start winding down the UK’s biggest toy retailer after it struggled to pay a £15m tax bill.

The retail chain’s American parent company is also close to collapse, with reporting suggesting it may start closing its 800 stores in the US this week.

Source by BBC


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