Home / Retail / Toys R Us goes under down under

Toys R Us goes under down under

Toys R Us Australia has gone into voluntary administration just months after the US and British retail giant’s collapse.

Directors of the company resolved to appoint voluntary administrators McGrathNicol after the withdrawal of the final bidder for the sale of the Australian business.

All Toys R Us and Babies R Us stores will remain open and continue to trade while the administrators explore options for the sale of the stand alone Australian business or a recapitalisation through the voluntary administration process.

The company operates 44 retail stores across Australia and employs about 700 permanent staff. No employee positions are affected by the appointment.

About Robert Hutchins

Check Also

Masha and the Bear launches branded Amazon store in multiple territories

Animaccord, the international licensing company and studio behind the animated cartoon, Masha and the Bear, …