US EditionTough UK Retail Market Claims High Street Stores Toys R Us, Maplin
- In 2023, WHSmith secured a deal to relaunch Toys R Us as a physical retail brand in the UK after previous failures in Australia and New Zealand.
- Toys R Us ANZ entered voluntary administration due to insolvency after unsuccessful store launches and an inability to execute a solvent recapitalisation plan.
- The administration, led by BDO advisers Luke Andrews and Duncan Clubb, took control while maintaining online sales and assessing restructuring options.
- Toys R Us ANZ reported a $15 million loan in 2022 to support UK relaunch efforts, with $10 million spent within three months, illustrating financial strain.
- WHP Global, owner of Toys R Us and Babies R Us, continues to expand the brands internationally through new partnerships and beyond traditional retail formats.
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Toys R Us enters voluntary administration for second time in Australia
Toys R Us has gone into administration five years after the company was saved.In a statement to the ASX the company said the business has been put into voluntary administration.Toys R US ANZ has put Luke Andrews and Duncan Clubb from BDO Business Restructuring in charge of the restructure to the toy store.READ MORE: Millions shivering as polar blast brings freezing morning"As previously announced to the market, the company has been pursuing a …
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