Getty ImagesToys 'R' Us store closure: Insiders believe the chain will announce mass closures next week
Toys ‘R’ Us is one of the biggest toy retailers in the UK, but insiders have said the chain is set to announce a mass of closures across the country.
According to Sky News, the board of Toys ‘R’ Us’s UK subsidiary will announce the launch of a company voluntary arrangement (CVA).
This means around 25 of the 105 British shops face closure - although the move will require the approval of a 74 per cent majority of the company’s creditors.
It is thought the company will make this announcement on Monday. Express.co.uk contact Toys ‘R’ Us for comment today.Related articles
We don’t comment on market speculation. Stores are open, and our focus right now is on the busy Christmas weeks ahead
Toy 'R' Us spokesman