Toys R Us, the UK’s biggest toys retailer, has gone into administration.
3000 UK jobs are at risk, BBC News reports, as corporate recovery specialist Moorfields begins “an orderly wind-down” of the company.
Whether any of the chain’s 105 UK stores will be saved is currently unknown.
At present, Toys R Us shops and its website remain open for business – including the latter’s sizable video games offering.
There’s hope some stores may stay – although these are likely to be smaller, cheaper-to-run shops rather than the chain’s larger warehouse-style outlets.
The US arm of Toys R Us filed for bankruptcy protection last autumn.
Regardless, it’s a bad day for UK business. Electronics retailer Maplin is teetering on the brink of administration, too.
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