Toys R Us has gone into administration, putting 3,000 UK jobs at risk.
Moorfields has been appointed to begin "an orderly wind-down" of the UK's biggest toy retailer.
The corporate recovery specialist said that all stores would remain open until further notice.
Joint administrator Simon Thomas said: "Whilst this process is likely to affect many Toys R Us staff, whether some or all of the stores will close remains to be decided."
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BBC News