The publicly listed Toys R Us, which was saved five years ago from going bust, has again gone into administration.
In a statement made to the ASX, Toys R Us ANZ said the business had been put into voluntary administration, with BDO’s Luke Andrews and Duncan Clubb being put in charge of helping to restructure the previously beloved toy store.
“As previously announced to the market, the company has been pursuing a recapitalisation plan with the support of its primary stakeholders. However, the company is no longer in a position to pursue a solvent recapitalisation plan,” Toys R Us said.
“In light of these events, the board has determined that the company is, or is likely to become, insolvent and that the appointment of an…
