[heero_yuy]

Quote from Sky News:


Toys R Us is seeking bids for its stores in Continental Europe just hours‎ before it plans to place its British operations into administration.

Sky News understands that advisers to the stricken toy retailer have told potential buyers of its European division to lodge offers by the close of business on Monday.

Toys R Us trades from more than 230 shops in 10 European markets, including Austria, France, Germany and Spain.

Several private equity firms are understood to be planning to table bids for the division, which also has a presence in Denmark, Finland, Iceland, Norway, Poland and Portugal.

It was unclear this weekend whether the European arm of Toys R Us faces a similar path towards insolvency if a sale cannot be agreed in the coming weeks.

Sky News revealed on Friday that Moorfields, a corporate recovery firm, is being lined up to handle the administration of Toys R Us UK, which is expected to be triggered on Tuesday.

The move would threaten more than 3,000 jobs on an already-troubled high street.

Looks like the UK operation is doomed.