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Toys R Us and Maplin collapse rattles the City

Mar 01, 2018 - City A.M.

TOYS R Us and Maplin fell into administration yesterday, putting more than 5,000 jobs at risk.

Toys R Us called in Moorfields to handle its collapse after it was unable to pay a £15m VAT bill, and Maplin was forced into administration after sale talks collapse.

Maplin, which has over 200 stores, was in talks with Edinburgh Woollen Mill over a sale, but failed to secure an agreement and called in PwC to manage the administrative process. Both businesses will continue trading as admin...