Turnaround firms are circling the stricken Toys R Us chain as the retailers precarious financial position puts more than 3,000 high street jobs at risk.
Last year the UK subsidiary of the bankrupt US chain won a stay of execution after landlords took back the keys to 26 shops and accepted less rent for those that stayed open.
But that rescue plan has been torn up after advisers working on the financial restructuring of the US parent group hoisted the for sale sign over the loss-making UK business as well its other European stores. Industry sources said the company, which has 3,200 staff in the UK, wanted to conclude a deal before the end of the month when several payments are due.
It is understood 2018 trading has started poorly, w…
Read the full article at: https://www.theguardian.com/business/2018/feb/08/more-than-3000-british-jobs-at-risk-as-toys-r-us-uk-is-put-up-for-sale