the Failure is due according to the Toys ‘R Us’ owner in the Nordic region, TOP-TOY, a failing christmas sales.
Managing director at TOP TOY in Denmark, Per Sigvardsson, saying that the company had a restructuring plan that was approved both by the court and the creditors, but that this stranded on a disappointing christmas sales.
.Unfortunately, we must today realize that we are no longer able to continue the restructuring because of a disappointing christmas sales, ” says Sigvardsson in a press release.
Now has is a liquidator to sell off assets.
the Reason that the situation was critical stated to be increased digitization, several competitors and changed lekevaner among children.
the Last available fiscal year, the company gave the losses on the operation of the 149 million Danish kroner, and had to write down non-material assets in a large scale.
Thus ended the losses of over two billion Danish kroner.
