Toys 'R' Us ANZ Limited (ASX:TOY), Toys R Us Licensee Pty Ltd (trading as 'Babies 'R' Us' and 'Toys 'R' Us') et al - Voluntary Administration

Toys 'R' Us ANZ Limited (ASX:TOY), Toys R Us Licensee Pty Ltd (trading as 'Babies 'R' Us' and 'Toys 'R' Us') et al, the Australian arm of international children’s retailer Toys ‘R' Us, entered voluntary administration on 4 June, with Luke Andrews and Duncan Clubb of BDO appointed administrators.

The company, which was previously purchased out of voluntary administration by Funtastic in 2017, had been pursuing a solvent recapitalisation plan, but recently determined that it would be in the company’s best interests to place it into voluntary administration.

The administrators are exploring sale and restructuring options while the company continues to operate on a business as usual basis.