This ad will be closed automatically in X seconds.

Toys R Us to close all UK stores

Retailer will start closing stores from Thursday after it failed to find a buyer.

Toys R Us will close all 100 of its UK stores – beginning from Thursday – it has been confirmed.

Administrators Moorfields Advisory has failed to find a buyer for the retailer following its appointment at the end of February.

According to The Guardian, about 25 stores will close on Thursday and 541 staff will be made redundant. The remaining 75 stores are likely to shut over the next six weeks.

67 staff at the group’s Maidenhead head office will also be made redundant.

In total 3,000 jobs will be lost.

Toys R Us will now be extending a nationwide discounting programme, with customers encouraged to take advantage of special offers while stocks are high.

Simon Thomas, joint administrator and partner at Moorfields, said: “We have made every effort to secure a buyer for all or part of the company’s business. This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.

“It is therefore with great regret that we have made the difficult decision to make a number of positions redundant at the company’s head office in Maidenhead and proceed with a controlled store closure programme.

“We are grateful for the hard work of Toys R Us staff during this difficult period and will be providing support where we can to those who have been made redundant.”

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter.

A vp product and marketing creative is being sought for the management of all licensed product design, assets and style guides for Silvergate Media’s portfolio of kids brands....
Ambitious apparel specialist, Erve has its sights on being the go-to partner for NFT licensing apparel collections in the UK and Europe following its latest deal....
Sales soar as publisher’s official licensed calendar celebrates England’s fabulous Euro 22 triumph....
Industry charity The Light Fund will be hosting a 'meet and greet' social walk in London on Friday 26 August....
The company will now work closely with WildBrain CPLG to capitalise on the licensing partnerships across Australia and New Zealand....
A number of licensees in the greeting cards category are celebrating this week, having been named as finalists in The Henries 2022....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.