Toys“R”Us to make UK return
Toys“R”Us and Babies“R”Us has agreed a long-term licence agreement with a partner that will re-introduce the chain to the UK in 2022.
There is a plan for web sales to UK shoppers to start over the coming months. The companies involved did not give details of when shops would open here, but a joint statement said Toys”R”Us ANZ has the licence agreement to run “digital and physical retail commerce” for the brand in the UK.
The brand’s UK stores closed in 2018, with close to a quarter shut due to a company voluntary arrangement that was agreed.
The rest were impacted after the UK arm of the business entered administration. That came after an unsuccessful attempt to sell the toy retailer giant as a going concern.
WHP Global, a New York-headquartered brand acquisition and management firm, said Toys“R”Us ANZ will run the UK operation.
