Toys’R’Us France

Type
Merger/Acquisition
Country
France
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.6 - Retail sale of cultural and recreational goods
47.64 - Retail sale of games and toys
116 jobs
Number of planned job losses
Job loss
Announcement Date
8 October 2018
Employment effect (start)
15 October 2018
Foreseen end date
31 October 2018

Description

The Commercial Court of Evry has accepted the offer by Jellej to acquire 44 Toys'R'Us stores in France and to keep 1,036 employees on a total workforce of 1,152 people working in warehouses, offices and stores. Jellej was created by the investment fund Cyrus Capital in association with the French toy store chain Picwic. Jellej will take over 44 of 53 Toys'R'Us stores in France. Two other competing offers were rejected.

Citation

Eurofound (2018), Toys’R’Us France, Merger/Acquisition in France, factsheet number 95603, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95603.