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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.”

"We’re delighted to be at the beginning of a partnership between two teams who share the same winning spirit and focus on supporting talent to achieve their potential. Everyone here has a great sense of pride and excitement to be working with Team England – a team that, after all, reflects just how much can be achieved by a diverse and varied group of individuals all focused on one goal. We can’t wait to get started."

Joanna Thornell, Client and Markets Director, Shakespeare Martineau