All Toys "R" Us shops to shut in Britain

Adjust Comment Print

Administrators Moorfields was appointed to Toys "R" Us last month, as it started to try and find a way to pay the companies' 15 million dollar tax bill.

The American company that owns Toys R Us have been trying to find a buyer for the United Kingdom stores.

Moorfields said that the remaining 75 stores will remain open and operate as per usual "until further notice".

Simon Thomas, from Moorfield said: "We have made every effort to secure a buyer for all or part of the Company's business". Over 100 stores will be shut down following this announcement, leading to the loss of at least 3,000 jobs.

The closure programme for the remaining stores is expected to take approximately six weeks to complete.

A woman said: 'So sad that my future kids won't get to experience the magic of Toys R Us like I did'.

"The administrators remain open to interest from potential buyers for parts of the business but it has been necessary to make a total of 67 redundancies at the company's head office in Maidenhead earlier today".

More news: Wozniacki loses in Indian Wells, Halep advances
More news: Arsenal stars look sharp in training ahead of crucial AC Milan showdown
More news: 5th Circuit Upholds Sanctuary Cities Law

Toys "R" Us recently responded to those reports, though it didn't confirm or deny them outright.

"It is with great regret that we have made the hard decision to make a number of positions redundant at the company's head office in Maidenhead and proceed with a controlled store closure program", he commented.

Hundreds of Scots workers are facing redundancy after Toys R Us announced the closure of all of its United Kingdom stores.

"If you are still waiting for your delivery today (14th March) then you need to log your order as missing".

Last month, it was reported the company's American bosses had begun an "urgent search for a buyer" for the United Kingdom business after poor Christmas trading.

Toys R Us filed for bankruptcy in the United States and Canada last September, whilst the entire European side of the store business including 236 stores outside the UK in 10 countries is also on the market. "Toys 'R" Us are no longer accepting items for exchange or refunds'.

Comments