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The business lost.74 mn last year and UK sales were down from.3 mn.8.
Please read the legal stuff below.Toys 'R' Us UK, the UK's largest toy and children's games/leisure products supplier, went into administration on the last day of February 2018 after failing to find a third-party buyer for the business.A buyer pulled out of a previous sale early in January.There are 600 staff.It has no link with the UK operation.The Irish stores were trading successfully.The expected 7 mn turnover in 2013 failed to occur.There are 90 stores with 1,000 staff and the Dundonald warehouse (100 staff).Originally established in 1980 as poker bankroll management Half Price Jewellers with limited service, it has been hit by poor Christmas sales, careful consumer spending and online sellers.It had hoped to sell it to Waterstones.Last year's accounts show a loss of 10 against sales of.
The company's future is uncertain at present.
Matthews, an Ipswich-based electrical retailer that had traded for more than 70 years, went into administration in March with the loss of six jobs.Walmsley's, the Walsall-based furniture chain, went into administration for the third time in seven years in November.The owners of Ideal Shopping (Paul and Val Wright) will invest 6 mn to save the TV selling business if the creditors accept a CVA (Company Voluntary Arrangement) to settle debts believed to be more than 68million (ie it's those 'haircuts' again).Nicole Farhi, the iconic luxury fashion retailer, went into administration in July.There are approximately 3,000 salespeople who sell and deliver the goods all of whom will lose this source of income.It cited the decline in film rentals as being key to its failure.The bathroom retailers, Moben and Dolphin, are to be sold as free-standing concerns.Bruce Millars, independent music shop in Aberdeen, is up for sale to avoid admin.Micro Anvika, the Tottenham Court Road electronics retailer has closed four of its stores.In addition, retailers that relied on City Link's promises have suffered losses.