A major toy store could close all 100 of its UK stores – including the one in High Wycombe – in as little as six weeks amid major financial trouble.
Toys ‘R’ Us appointed Moorfields Advisory to oversee an administration at the end of February – just months after it opened a store in the Eden Shopping Centre.
It is thought that no buyer has been found for the popular chain and Moorfields will now begin a six-week “wind down” of the store estate, resulting in the loss of 3,000 jobs.
Moorfields said at the time of the chain’s collapse that it was making “every effort” to secure a buyer for all or part of the business, but no suitor materialised in what is proving to be a dire time for high street retailers.
An official announcement is expected later today.
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