Sadly, we have another chapter in the story of Toys R Us closing. Via Ozformers forums and several online articles, we got word that Toys ‘R’ Us goes into administration in Australia.
Kind of an unexpected event, since it seemed Toys “R” Us stores in Australia will continue on the business like other stores in Asia, despite the US main brand closing. This also affects Toys “R” Us partner Babies ‘R’ Us. Here’s a brief quote from an article from Australian site Inside Retail.com
Toys ‘R’ Us Australia and sister brand Babies ‘R’ Us have fallen into voluntary administration, following the collapse of US-based Toys ‘R’ Us Inc.
Insolvency firm McGarthNicol was appointed as the administrators after a bid to purchase the Australian business was withdrawn.
McGarthNicol said in a statement on Monday that all Toys ‘R’ Us Australia stores will continue to trade as options for a potential sale of the standalone Australian business is explored.
44 retail stores and around 700 permanent staff are caught up in the administration.
Toys ‘R’ Us Inc has been seeking to offload its international businesses for several months amid a liquidation process that is seeing more than 700 stores wound down in the US.
Sad news for all Australian fans. There’s also one important matter to remember. While back in February, we reported an upcoming Toys “R” Us online exclusive Masterpiece Shadow Panther. This item was available for pre-order for just 2 weeks until February 25th. Then you would have to be patient until October 2018, when they were supposed to ship it. Will this last Toys “R” Us exclusive get into the hand of Australian collectors? Time will tell. We hope our fellow collectors in Australia would be ready to say good bye to Toys “R” Us after so many years and memories.