Toys ‘R’ Us to Close All Stores in Britain After Failing to Find Buyer<br />By CHAD BRAYMARCH 14, 2018<br />LONDON — Toys “R” Us said on Wednesday that it would close all of its stores in Britain after failing to find a buyer, another ominous sign for a once-dominant toy retailer<br />that has struggled under pressure from Amazon and other online sellers.<br />The company, which is owned by the private equity firms Bain Capital<br />and Kohlberg Kravis Roberts, has been hampered by the debt load it was saddled with by the real estate firm Vornado Realty Trust, which bought Toys “R” Us in 2005.<br />The company, which filed for bankruptcy in the United States last year, said it would<br />close its remaining 75 stores in Britain in addition to the 25 it has already shut.<br />“We have made every effort to secure a buyer for all or part of the company’s business,”<br />Simon Thomas, the joint administrator for the British arm, said in a news release.
