Toys R Us has appealed to investors for a £120m lifeline as crucial payment deadlines loom at the end of the month.
The UK arm of the troubled retailer was put on the block last week, with management proposing a five-year plan to fight back against Amazon and Argos.
It is understood that potential buyers would have to stump up around £50m immediately to pay off the consortium of bank lenders that have provided financing to its US parent company. It entered bankruptcy protection in September and gained access to $2.2bn from a consortium led by JP Morgan.
