Toyworld Mag brings us news regarding Toys R Us, who are looking for a buyer for the UK arm of the business only weeks after securing a rescue plan. Fingers crossed something can be organised, as 3200 jobs are potentially at stake.
The future of Toys R Us’s UK operations – and thousands of jobs – has been thrown into fresh doubt just weeks after creditors approved a radical rescue plan.
As reported by Sky News, Toys R Us’ stricken American parent has begun an urgent search for a buyer amid suggestions that poor Christmas trading has left the British business facing cashflow issues.‎
Sources said on Wednesday night that advisers at Alvarez & Marsal and Lazard, which are overseeing the chain’s bankruptcy protection process in the US, have sounded out potential buyers for the UK operations in recent days.
One insider said the company, which currently employs about 3,200 people in Britain, was looking to seal a sale within weeks.
