Toy chain works on company voluntary agreement as tall-street retailers struggle to attract shoppers in run-up to ChristmasUp to 800 jobs are on the line after it emerged that struggling US retailer Toys R Us is looking to shut a third of its UK stores.
Toys R Us is understood to be working on a company voluntary agreement (CVA), an insolvency procedure used by retailers to shut loss-making stores.
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Source: guardian.co.uk