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It’s a very dark day for British retailers and their workers.

Toys “R” Us and electronics chain Maplin have collapsed in the UK, putting a combined 5,300 retail jobs at risk.

Administrators were appointed Wednesday to run both businesses after executives failed to find buyers.

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Toys “R” Us is one of the UK’s largest toy retailers with 3,000 staff and 105 stores across the country. Maplin employs just over 2,300 staff at more than 200 stores, selling electronics, tech toys and smart-home devices.

Investors took fright at the news, selling off shares in some other British retailers. Mothercare, which sells maternity and baby products, saw its shares plunge 10% in London trading.

Insolvency specialist Moorfields Advisory has been put in charge of winding down Toys “R” Us, closing stores and selling off assets. The collapse into administration follows Toys “R” Us filing for bankruptcy in the US in September under the weight of $5 billion in debt.

Stores will remain open until further notice, and no decision has yet been taken on how many will eventually close, said Simon Thomas, a partner at Moorfields Advisory. But many Toys “R” Us staff were likely to be affected, he added.




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ADR Daily is a specialized news portal with a focus on providing authentic news, information and research analysis on Appropriate Dispute Resolution (ADR), Human Resource Management (HRM) and Industrial Relations Management (IRM) in Ghana and beyond. This platform serves as an information resource base for the progress of the ADR, HRM and IRM industries, and seeks to promote professionalism in ADR practice by supporting a network of ADR professionals within and across nations and continents. ADR Daily keenly encourages the mass adoption of ADR mechanisms, particularly negotiation, mediation and arbitration for the resolution of disputes in all spheres, through the publication of industry news and information, as well as by deploying innovative awareness creation engagements.