Via The Australian:
The Australian arm of Toys ‘R’ Us was placed into administration on Monday night, putting the future of more than 700 staff in doubt.
McGrathNicol was appointed voluntary administrator of Toys ‘R’ Us (Australia) and Babies ‘R’ Us by a resolution of the company’s Australian directors.
The move follows the collapse of the retailer’s US parent, which filed for chapter 11 bankruptcy protection late last year and has since moved into liquidation, with more than 800 stores closing.
The UK arm already liquidated. Looks like the same coming here given the retail shakeout.
