Toys ‘R’ Us files for bankruptcy putting 64,000 jobs at risk: Is YOUR local ...

Toys 'R' Us bankruptGETTYToys 'R' Us bankrupt: How will UK stores and jobs be affected?

Toys ‘R’ Us, which has more than 1,600 shops worldwide and 64,000 members of staff, has been struggling with customers switching to shopping online rather than taking to the high street. 

The retail giant has now announced its north American arm is seeking “Chapter 11 protection” from the US Bankruptcy court. 

On its website it stated its 1,600 Toys ‘R’ Us and Babies ‘R’ Us locations would operate “as usual”, and that it would work with its investors to address roughly $5billion in debt. 

The move will allow the company to restructure its business so it can tackle it debts. 

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Toys 'R' Us bankruptGETTYToys 'R' Us has more than 1,600 shops worldwide

Toys ‘R’ Us, which has more than 1,600 shops worldwide and 64,000 members of staff, has been struggling with customers switching to shopping online rather than taking to the high street.

But how will Toys ‘R’ Us filing for bankruptcy in the US affect UK stores and jobs? 

Express.co.uk has contacted the retailer to detail how business and customers will be affected in Britain. 

It is believed operations in Australia and Europe and a join venture in Asia are are not part of the bankruptcy proceedings, as reported by the BBC. 

In a statement

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