Toy tycoon may submit last-minute $900M bid for Toys R Us

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As Toys "R" Us continues the process of shuttering its USA operations-and closes down all of its United Kingdom locations-the retailer has received an US$80-million commitment from its Taj noteholder group that will be used as incremental financing for its Asian and Central European operations.

Administrators Moorfields announced on Thursday the Victoria Centre store will close for good on Friday, April 20.

The retailer folded earlier this year - with all 100 stores around the country due to be closed down. "We are working closely with the 2,000 employees affected by the closures to ensure they receive the support they need for redundancy and other compensatory payments".

Toy tycoon Isaac Larian is angling to buy Toys R Us' operations in the USA and Canada for nearly $900 million, The Post has learned.

Daily Star Online previously revealed heartbreaking pictures of some of the planned-to-close 26 Toys R Us stores looking empty and eerily quiet.

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But it proved only a temporary reprieve with reports of a £15m tax bill looming over the group which eventually saw it collapse into administration in February.

Nationally, 3,000 jobs are set to be lost.

Maplin is also clearing stock, and administrators at PwC have been forced to make staff at the retailer's head office redundant. The Mansfield outlet will close the next day on Saturday, April 21 and The Riverside outlet will shut on Tuesday, April 23.

Founded in the United States, it opened its first shop in Britain in 1985 and became one of the country's largest sellers of toys.

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