The toy mega stores were placed under administration on Monday.
More than 40 Australian Toys R Us stores were placed into administration on 21 May, while the business continues to trade. However, customers must spend the equivalent value of the card, in order to redeem it.
Goulbuurn News National. Directors of the company resolved to appoint voluntary administrators McGrathNicol after the withdrawal of the final bidder for the sale of the Australian business, a McGrathNicol spokesman said in Toysrus Goulburn statement on Monday.
All Toys R Us and Babies 'R' Us stores will remain open and continue to trade while the administrators explore options for the sale Tpysrus the Model castings in Blacktown Australian business or Toysrus Goulburn recapitalisation through the voluntary administration process.
It follows the announcement in March that Toys 'R' Us in the US was preparing to sell or close all its stores after it was weighed down by billions of dollars in debt accumulated since it was bought by a real estate investor and two Goulbrun equity firms in Administrators closed a quarter of the company's UK stores by mid-March with plans to close the remaining stores by the end of April.
Home News National. The company operates 44 retail stores across Australia and employs about permanent staff. No employee positions are affected by the appointment, the spokesman said.
Australian Associated Press. ❶Come on in for a good test drive.
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Toys R Us Aust goes into administration Goulburn
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