Toyworld Mag: Fate of Toys R Us hangs in the balance

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Things go from bad to worse for Toys R Us as the company struggles to avoid bankruptcy by selling off it’s European stores, numbering 236. Toyworld Mag look at this time critical and perilous situation.

According to Sky News, bids for the UK stores are being urgently sought, along with offers for 230 TRU stores in ten European markets.

Toys R Us is thought to be seeking offers for its UK arm before the end of this week as fears grow for the future of the company and the jobs of more than 3000 workers.

Sky News has reported that advisers to the retailer’s US parent company have met prospective bidders in the last 48 hours and told them to submit expressions of interest by the end of Thursday. The truncated timetable underlines the urgency of the situation.

Sky News has also suggested that the entire European operations of the retailer are now on the market, encompassing 236 stores outside the UK in ten countries including Austria, France, Germany and Spain.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the 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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Things go from bad to worse for Toys R Us as the company struggles to avoid bankruptcy by selling off it’s European stores, numbering 236. Toyworld Mag look at this time critical and perilous situation.

According to Sky News, bids for the UK stores are being urgently sought, along with offers for 230 TRU stores in ten European markets.

Toys R Us is thought to be seeking offers for its UK arm before the end of this week as fears grow for the future of the company and the jobs of more than 3000 workers.

Sky News has reported that advisers to the retailer’s US parent company have met prospective bidders in the last 48 hours and told them to submit expressions of interest by the end of Thursday. The truncated timetable underlines the urgency of the situation.

Sky News has also suggested that the entire European operations of the retailer are now on the market, encompassing 236 stores outside the UK in ten countries including Austria, France, Germany and Spain.

Mark Newbold
Mark Newbold
Exploring the galaxy since 1978, Mark wrote his first fan fiction in '81 and been a presence online since his first webpage Fanta War in 1996. He currently contributes to ILM.com and SkywalkerSound.com, having previously written for Star Wars Insider, StarWars.com, Star Wars Encyclopedia, Build The Millennium Falcon, Starburst Magazine, Geeky Monkey, TV Film Memorabilia and Model and Collectors Mart. He is a four-time Star Wars Celebration Stage host (the only podcaster to have appeared on every Celebration podcast stage since it began in 2015), the 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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