NEWS

Toys R Us seeks bidders ahead of Friday deadline

Published on: 8th March 2018

Initial store closures are expected imminently. 

Bidders for parts of Toys R Us’ business have until tomorrow (Friday) to put in their offers for the retailer’s assets, which are now under the care of Moorfields after the firm entered administration last week.

Moorfields is currently selling off Toys R Us’ stock, and it is understood that store closures could start as early as next week.

The 26 stores which were part of Toys R Us’ CVA are likely to be the first to close. The Toys R Us brand is tied to the global business, which has not entered into administration, meaning it will not be part of Moorfields’ sale process.

Toys R Us went into administration last Wednesday, putting more than 3,000 jobs at risk.

 

RECENT ARTICLES

Friday Blog

Have we (finally) found a Brexit benefit … it’s the Friday Blog!

Exclusive: Rick Derr – Letter from America

Hornby unveils new Playtrains High Speed Train Set

Exclusive: Behind the scenes at the Natural History Museum

The Paddington Bear Experience to open in May

The March issue of Toy World is out now

The Toy Trust unveils Midsummer Mayhem

Skillmatics further strengthens UK sales team

Sambro strengthens UK finance team with new hire

Autumn Fair launches new campaign for 2024