High StreetNews

HMV owner eyes the purchase of Toys R Us

The downfall of Toys R Us could be delayed as HMV owner Hilco Capital sets its sights on the toy retailer.

Hilco Capital purchased HMV five years ago and saved 132 HMV shops from closure.

Hilco Capital met with Toys R Us UK executives earlier this week to discuss the possible purchase, reports Sky News.

At least 3,000 employees are at risk of losing their jobs if new funding is not found.

Hilco Capital also purchased Staples’ UK retail business in 2016 and specialises in stressed and distressed investment and restructuring services.

Earlier in the month the company reported that if a new investment cannot be found then administration is a possible outcome.

Toys R Us in the US filed for bankruptcy in October last year.

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