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Toys R Us creditors $1.1bn out of pocket

The collapse of Toys R Us has left suppliers, landlords, employees and other unsecured creditors with a shortfall of almost £1.1 billion, according to the collapsed store chain’s administrator.

Documents filed at Companies House show unsecured creditor claims of £1.09bn, according to an estimate of Toys R Us’s UK assets prepared by directors.

Moorfields was appointed to handle the administration of the retailer’s British business at the end of February after Toys R Us failed to find a buyer.

Click here for the full Times article (£)

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