Gordon Brothers led operational closure of UK Toys”R”Us® Stores
Gordon Brothers were mandated to close all stores nationwide, providing best value for creditors.
Gordon Brothers, the global advisory, restructuring, and investment firm, were instructed by the Administrators, Moorfields Advisory, to dispose of all inventory and furniture, fixtures and equipment (FF&E) closing the remaining 78 Toys”R”Us® stores, head office and distribution centre across the UK.
Gordon Brothers had previously worked with the company and CVA supervisor, Alvarez & Marsal, in November 2017, to provide an inventory valuation and general advisory services to support Toys”R”Us® with the CVA application process. Following CVA approval, Gordon Brothers were mandated to close an initial 25 Toys”R”Us® stores.
In the US, Gordon Brothers form part of a team of disposition firms completing going-out-of-business sales at all 735 Toys”R”Us® and Babies”R”Us® locations through-out the U.S. and Puerto Rico, with inventories exceeding $2 billion in retail value.