Toys R Us goes into administration

British arm of retailer Toys R Us goes into administration

LONDON/February 28, 2018 (AP)(STL.News) — The British arm of Toys R Us went into insolvency administration Wednesday, putting 3,200 jobs at risk, as big retailers continue to feel pressure from a global shift to online sales. Accountancy firm Moorfields said it had been appointed to oversee “an orderly wind-down” of the debt-burdened toy chain, which … Continue reading British arm of retailer Toys R Us goes into administration