Administrators of toy retailer Toys R Us has announced it will close all UK stores over the next six weeks after it failed to find a buyer for the company.
Moorfields said it would now move forward with its programme of store closures.
It said 25 stores have either closed in recent days or are due to close by tomorrow, and that all other UK stores remain open until further notice.
The closure programme for the remaining stores is expected to take approximately six weeks to complete, Moorfields said.
Toys R Us has a shop in Hove at Goldstone Retail Park.
Sixty seven staff at the company’s headquarters in Maidenhead were made redundant today (March 14).
Simon Thomas, joint administrator and partner at Moorfields, said: “We have made every effort to secure a buyer for all or part of the company’s business. This process attracted some interest, but ultimately no party has been able to move forward with a formal bid prior to the expiration of the stated deadline.
“It is therefore with great regret that we have made the difficult decision to make a number of positions redundant at the company’s head office in Maidenhead and proceed with a controlled store closure programme. We are grateful for the hard work of Toys “R” Us staff during this very difficult period and will be providing support where we can to those who have been made redundant.”
“All of the remaining 75 Toys “R” Us and Babies “R” Us stores will remain open until further notice. We’re extending the nationwide discounting programme and would like to encourage customers to take advantage of the special offers available in store while stock levels remain high.”