Toys R Us goes under down under

Toys R Us Australia has gone into voluntary administration just months after the US and British retail giant’s collapse.

Directors of the company resolved to appoint voluntary administrators McGrathNicol after the withdrawal of the final bidder for the sale of the Australian business.

All Toys R Us and Babies R Us stores will remain open and continue to trade while the administrators explore options for the sale of the stand alone Australian business or a recapitalisation through the voluntary administration process.

The company operates 44 retail stores across Australia and employs about 700 permanent staff. No employee positions are affected by the appointment.

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@biz-media.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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