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Sale signs outside a Toys R Us store in Basingstoke, Hampshire, as the company has put forward plans to close at least 26 U.K. stores, putting up to 800 jobs at risk.
Toys R Us U.K. is to seek creditor approval for a restructuring plan involving closing at least 26 of its 105 stores in Britain in 2018, it said on Monday.
The British arm of Toys R Us Inc of the United States, which filed for bankruptcy in September, said it had submitted a Company Voluntary Arrangement (CVA) plan to its creditors and would seek their approval in the next 17 days.
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Read the full article at: https://www.cnbc.com/2017/12/04/toys-r-us-uk-to-close-stores-in-restructuring.html