Toys "R" Us receives financing in Asia, Central Europe

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WCPO was there when the store permanently closed at 3 p.m. Wednesday.

The Joint Administrators of Toys "R" Us Limited Simon Thomas and Arron Kendall, partners in Moorfields Advisory Limited, announce that the remaining 75 Toys "R" Us and Babies "R" Us stores in the United Kingdom are to close by Tuesday, 24th April 2018.

All 2,054 employees of the United Kingdom business have been informed and will be paid up to and including their last day of employment, the administrators added.

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Joint administrators Simon Thomas and Arron Kendall of Moorfields Advisory, said: "Following the failure to attract a buyer for the business prior to administration, the Joint Administrators are conducting an orderly wind-down of the company's store portfolio".

The retail sector has had a dismal start to 2018, with the collapse of Toys R Us and Maplin and a host of firms undergoing painful restructurings, including New Look and eateries run by celebrity chef Jamie Oliver, as well as Byron and Prezzo.

The retailer's administrators have confirmed over 2-thousand employees will be made redundant.

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WCPO pored through the Toys R Us bankruptcy records for companies and governments with ties to Cincinnati.

The Norwich store is closing the following day, April 24.

Stevenage is one of the 75 remaining Toys R Us and Babies R Us sites in the United Kingdom that will close by Tuesday, April 24.

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Discounts of up to 70 percent are in place from today and over the next fortnight.

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