Toys R Us inleder processen för att avveckla

Toys "R" Us, Inc. is an American toy and juvenile-products retailer founded in 1948 and headquartered in Wayne, New Jersey, in the New York City metropolitan area. Founded by Charles P. Lazarus in its modern incarnation in 1957, Toys "R" Us traces its origins to Lazarus' children's furniture store, which he started in 1948. He added toys to his offering, and eventually shifted his focus. The company has been in the toy business for more than 65 years and operates around 800 stores in the United States and around 800 outside the US. Toys "R" Us experienced expansion as a chain, becoming predominant in its niche field of toy retail. Represented by cartoon mascot Geoffrey the Giraffe from 1969, Toys "R" Us eventually branched out into launching the stores Babies "R" Us and the now-defunct Kids "R" Us. The company filed for Chapter 11 bankruptcy protection in the U.S. on September 18, 2017, and has also filed for bankruptcy protection in Canada (see Companies' Creditors Arrangement Act). They have stated their stores will continue to operate, but nevertheless announced the liquidation and closure of 382 locations, at least half of these Babies "R" Us locations. Liquidation sale events are likely expected to occur in additional Toys "R" Us stores. As part of a Toys "R" Us UK division Company Voluntary Agreement (CVA) agreement, it will already be closing 25 of its 106 stores across the country this spring 2018, but it was hoped that the deal would give the business time to restructure and pay off its debts. However, on February 28, 2018, Toys "R" Us UK went into administration, putting 3,200 jobs at risk. On March 2, 2018, it was revealed that most Toys "R" Us stores in the United Kingdom would be closing down. On March 8, 2018, unsourced reports claimed that Toys "R" Us may close all its stores in the United States.