Legetøjskæden Top-Toy, which is under reconstruction, has been given six months to get back on an even keel. It writes the company on its website.
the Group has on Friday been in the Maritime and Commercial court, where its creditors have had to say yes or no to rekonstruktionsplanen in it pushed the company which operates specialised toy retail outlets Fætter BR and Toys”r”Us.
on Friday approved the creditors and the court the plan for the reconstruction of Top-Toy.
– the Company has now been given six months to implement the plan, among other things, involves the closing of unprofitable stores in the beginning of 2019, writes Top-Toy on its website.
the financial problems of The Top-Toy was announced 30. november, at the same time it emerged that the company’s 226 Fætter BR stores and 72 of the Toy”r”Us stores, had given a milliardunderskud in the financial year 2017/18.
It has created unrest for the crucial christmas sales, and in the company’s stores allowed customers also need to be reassured that the gifts can still be exchanged after christmas, in spite of the financial problems.
The message repeats Top Toy Friday on its website, where it is emphasized that the reconstruction does not mean changes for customers ‘ rights.
– It is clear that, from a perspective about the christmas season – is a very bad time.
– We would do anything in the world, that it would not happen at this time. Or ever, for that matter, it sounded from the Top Toys chief financial officer, Christian Hertz, in the Maritime and Commercial court according to the stock Exchange.
the Newspaper quotes the lawyer Søren Aamann Jensen, in court to say:
– If you had to choose a time – it must not, however, if you were – so I don’t think there are many in the room, who would choose 30. november.
Top Toys for restructuring the debts means that up to 100 stores in the Nordic region and Germany will be closed. In total, 450 full-time jobs axed. It will mean among others, to 180 Danish employees will be affected.