All Toys R Us stores expected to close in next six weeks after failed sale talks

2 min read

Sponsored links

Moorfields added that the remaining 75 Toys R Us and Babies R Us UK stores would remain open until further notice.

The retailer’s collapse, just weeks after apparently agreeing a rescue deal, puts 3,000 jobs at risk. In early March, the company slashed its prices as it launched closing-down sales across its shops. Those sales were extended on Tuesday and products are being offered at discounts of as much as 30pc.

Simon Thomas, joint administrator, said: “This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.”

Sponsored links
Source link

Load More Related Articles
Load More In Business
Comments are closed.

Check Also

Suspending Insurer Payments Hurts Our Sickest Patients

U.S. President Donald Trump, reacts during a joint news conference with Theresa May, U.K. …