Toys ‘R’ Us prepares to liquidate operations – source

Toys ‘R’ Us had hoped a strong sales during Christmas would boost its chances of clinching a deal with its creditors in bankruptcy

Toys ‘R’ Us is preparing for potential liquidation if its negotiations with creditors do not result in a deal that can help the struggling toy retailer to emerge from bankruptcy, a source familiar with the matter told Reuters.These talks are continuing and no decision has yet been taken.

The US company is also considering other options, including a potential sale in bankruptcy if possible, according to the source.

Toys ‘R’ Us in January said it would shut about a fifth of its US stores as it tries to emerge from one of the largest ever bankruptcies by a specialty retailer. Read more