Toys R Us to Shut Final UK Stores by End of April

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The final UK stores of children's retailer Toys R Us are to close by April 24, two months after the British arm of the company collapsed into administration, the Financial Times reported. Administrators from insolvency specialist Moorfields Advisory said on Thursday all of the remaining 75 Toys R Us and Babies R Us stores in the UK would close between April 18 and April 24, resulting in the loss of 2,054 jobs. Employees had been informed and would be up to and including their last day, the administrators said. “The stores across the county will be open as usual until the last day of trading,” said joint administrator Simon Thomas. Read more. (Subscription required.)