Children’s store Toys R Us has collapsed for the second time in Australia, five years after the retail giant was handed a major lifeline.
Toys R Us ANZ said the chain had been placed into voluntary administration, issuing a statement to the Australian Stock Exchange on Thursday.
‘The company has been pursuing a recapitalisation plan with the support of its primary stakeholders,’ it said.
‘However, the company is no longer in a position to pursue a solvent recapitalisation plan.
‘In light of these events, the board has…
