The UK division of Toys R Us has entered administration.
Joint administrator Simon Thomas of Moorfields said “While this process is likely to affect many Toys R Us staff, whether some or all of the stores will close remains to be decided.”
There has been no immediate decision to close stores, but the administrator is to begin “an orderly wind-down” of the toy retailer.
Thomas added that “every effort” would be made to find a buyer for the business and indicated those stores that would likely to be more attractive to any new buyer.
“The newer, smaller, more interactive stores in the portfolio have been outperforming the older warehouse-style stores that were opened in the 1980s and 1990s,” he said.
■ See also: List of Toys R Us stores at risk of closure as retailer fails to find buyer
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