Future of UK Toys R Us operation in doubt as buyer sought by US parent

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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.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since webpage Fanta War in 1996. He currently contributes to ILM.com, SkywalkerSound.com and Starburst Magazine, having previously written for magazines and sites including Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Lightsabre.co.uk, Jedi News, Jedi.net, Build The Millennium Falcon, Geeky Monkey, TV Film Memorabilia, Model and Collectors Mart, Star Trek The Official Magazine, Star Trek: TNZ and StarTrek.com. He is the only podcaster to have appeared on every Celebration podcast stage since it began in 2015, hosting it four times, the EiC and Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
- Advertisement -
- Advertisement -

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.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since webpage Fanta War in 1996. He currently contributes to ILM.com, SkywalkerSound.com and Starburst Magazine, having previously written for magazines and sites including Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Lightsabre.co.uk, Jedi News, Jedi.net, Build The Millennium Falcon, Geeky Monkey, TV Film Memorabilia, Model and Collectors Mart, Star Trek The Official Magazine, Star Trek: TNZ and StarTrek.com. He is the only podcaster to have appeared on every Celebration podcast stage since it began in 2015, hosting it four times, the EiC and Daily Content Manager of Fantha Tracks and the co-host of Making Tracks, Canon Fodder and Start Your Engines on Fantha Tracks Radio.
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