The British Toys’R’Us subsidiary in bankruptcy

In February, the British subsidiary of the U.S. toy giant was placed into bankruptcy, a process that could lead to the closure of about 100 British stores and to the loss of 3,200 jobs. The firm has €17 million debt and is paying for years of growth driven by unsustainable credit. This event follows the Chapter 11 filing of the U.S. parent last year.