UK CVA Process

As part of Toys“R”Us’ ongoing financial restructuring efforts, Toys“R”Us UK has received approval for a process to reposition its real estate portfolio for future growth and profitability, called a Company Voluntary Arrangement (CVA).

The Company's approximately 1,600 Toys“R”Us and Babies“R”Us stores around the world, including 105 stores in the UK, are open for business and continuing to operate as usual. This means there will be no disruption for customers during the holidays. Customers can continue to shop for the toy and baby products they are looking for in our stores or online at the Company's and web stores. During 2018, the plan that is part of the CVA will entail changes to the store footprint as it moves to a new and exciting business model.

The Company believes that this CVA is the best way to make essential changes to the business to put us in a more financially stable position for the future. Through the CVA process, we have received authorization to restructure our UK lease obligations so that we will be better able to invest in our UK business and further improve the customer experience.