Toys 'R' Us Australia goes into administration

[Galvatran]

Now that TRU Oz has been placed in administration & potentially heading down the same path as TRU US, are people hoping / looking forward to a fire sale like in the US? If so, what items are you eyeing off?

[griffin]

Administration doesn't guarantee that the business is going to be shut down... it is just a high probability, as Administrators don't have much patience when it comes to finding a buyer. Their priority is seeing that investors (banks, etc) get their money back fast... and it can be easier to break up the business and sell off all of the assets, than find a buyer and go through a lengthy red-tape process.


As it were, this situation only occurred because a buyer pulled out, so there could be other interested parties.... we just have to wait for the first announcements of intentions by the Administrators.