Adverts have already run in the financial press and ToyNews can reveal that a bid for the total assets of the large specialist retailer is unlikely, although some individual stores may be picked up by competitors.
A 'third-off'‚ sale has already begun in each store, with this set to extend to half-price discounts for the last two weeks of the month, followed by permanent closure.
Greens slipped into administration a week before Christmas. It has crashed owing Toymaster some £3 million, but the buying group is not in any way threatened. "It is a very difficult situation, but it can be solved without harming us. It will just take a little time and everyone must be patient," commented Toymaster managing director Roger Dyson.