Toys R Us UK wins reprieve


Toys R Us UK wins reprieve

The majority of the creditors of Toys R Us have voted in favour of the retailer’s revised restructuring plan in a move that will save 2500 jobs. The news terms of the CVA requires Toys R Us pay to pay £9.8 million into its pension scheme over the next three years. 26 stores will still be closing and consultations with affected staff will commence in January.

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