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

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.”

"They are very professional, respond promptly, always discuss the monthly bill and have, so far, provided us with excellent advice in connection with employment issues. I have been very satisfied."

Andrew Argyle LLB, Practice Director, Potter Clarkson LLP