Daily Management Review

Toys R Us files for bankruptcy in Britain


02/28/2018


While the retailer has gone into administration, Moorfields Advisory, the firm which has been appointed to oversee the process said, its 100 stores across the UK will continue to remain open and in service until further notice.



The UK arms of Toys R Us, a U.S. -based toy and juvenile-products retailer, has filed for bankruptcy, said Moorfields Advisory, the firm which was appointed to oversee the process.
 
The development puts 3,200 jobs at risk across its 100 stores in the UK.
 
Moorfields Advisory further stated all stores will continue to sell their goods until further notice.
 
References:
www.reuters.com 







Science & Technology

Wreck Of Russian Ship Rumoured To Have 5,500 Boxes Of Gold Found Near South Korean Island

Gene Editing of Human Embryo Could Find ‘Moral’ Grounds: UK’s Ethics Council

Baidu comes up with a self-driving bus

Developing countries are stepping up their own space programs

McAfee: Number of cybercrime attacks skyrocketed

RemoveDebris Mission To Clear Debris Of In Orbit Over Earth

British experts: Online gambling is dangerous

Vodafone Chooses ‘Highly Trafficked Urban’ Space As Its 5G Testing Grounds

Space To Become A Travel Destination By 2022

Dream Of Immortality Can Be Realised By 2045

World Politics

World & Politics

Ireland pledges to stop investing in fossil fuels

Germany asks to return € 4 thousand subsidies for the purchase of Tesla

Was Trump's visit to the UK the last straw?

Prime Minister May Could Alter Brexit Strategies, Said Ress-Mogg

Le Maire: The US refused to release France from anti-Iran sanctions

One Belt, One Road is facing difficulties around the world

Qatar to raise $ 4 billion to buy Eurofighter Typhoon jets

The UK sets to turn all cars zero-emission by 2030