Toys R Us goes into administration

Retailer Toys R Us has fallen into administration, putting 3,200 jobs at risk.

Wednesday, 28th February 2018, 9:02 am
Updated Wednesday, 28th February 2018, 3:25 pm
Retailer Toys R Us has fallen into administration, putting 3,200 jobs at risk.

Administrator Moorfields has been appointed to conduct what it called an orderly wind-down of the company's store portfolio.

Simon Thomas, Moorfields partner, said: "We will be conducting an orderly wind-down of the store portfolio over the coming weeks.

"All stores remain open until further notice and stock will be subject to clearance and special promotions.

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Retailer Toys R Us has fallen into administration, putting 3,200 jobs at risk.

"We're encouraging customers to redeem their gift cards and vouchers as soon as possible.

"We will make every effort to secure a buyer for all or part of the business."

Retailer Toys R Us has fallen into administration, putting 3,200 jobs at risk.