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Toys R Us insolvency
  • Published:
    01 March
  • Area of Law:
    Restructuring

Michael Mulligan comments on Toys R Us insolvency

Michael Mulligan, partner and insolvency specialist said:

“Toys R Us ultimately failed to adapt to the change in British shopping habits and did not properly invest in its business in order to compete with Amazon and the major supermarkets. This is not the first high profile retail insolvency of the year and we expect more, particularly in vulnerable sectors such as retail, construction and the restaurant trade. Recent insolvency statistics demonstrate that this is a growing trend and failing to take notice and adapt accordingly to changing consumer behaviour could be deadly for UK retailers.”

"This is exactly why we like to work with people who understand the industry and can identify potential issues and create solutions."

Jon Saltinstall, Senior HealthCare Banking Consultant, Lloyds Bank