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Toys `R' Us U.K. Dismisses Staffers as Hunt for a Buyer Fails

  • Administrators receive no bids for all or part of the retailer
  • Toys ‘R’ Us U.K. entered bankruptcy protection in February
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Toys `R' Us to Liquidate

Toys “R” Us Inc.’s U.K. unit has dismissed head-office staff members and proceeded with store closures after a hunt to find a buyer for the retailer yielded nothing.

The retailer let 67 workers go, and 25 stores that had previously been earmarked for closing are now being shut, administrator Moorfields Advisory Ltd. said in an emailed statement Wednesday.