British division Toys ‘R’ Us bankrupt too

The British division of toy store chain Toys ‘R’ Us has filed for bankruptcy, endangering more than 3,200 jobs. The chain’s American and Canadian stores were already declared bankrupt last year.

Restart

Toys ‘R’ Us operates 105 stores in the United Kingdom and employs more than 3,200 people. The stores will remain open for the time being, in order to aid the search a buyer who can restart the chain soon. The chain has been looking for a buyer for weeks in order to avoid bankruptcy, but decided to file for bankruptcy today anyway.

The guardians will now look at each separate store, to see what the options are. In any case, consumers can benefit from major discounts as a result of the bankruptcy. Gift cards and other discounts should also be used as quickly as possible.

Toys ‘R’ Us has struggled with the online toy sales surge for years and smaller toy stores have actually proven to withstand the competition much better than the chain’s large department stores.