Toys’R’Us ANZ Enters Voluntary Administration

Toys’R’Us ANZ Limited (ASX: TOY) has appointed Luke Andrews and Duncan Clubb of BDO Business Restructuring Pty Ltd as Voluntary Administrators, effective immediately. This decision comes after the company concluded that it could no longer pursue a solvent recapitalization plan, despite previous efforts and stakeholder support. The Board determined that the company is either insolvent…