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American toys r us to file for bankruptcy

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Toys r us in America is to file for bankruptcy owing 5 billion dollars ,if they go under will they take out the stores in the uk with them ?

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Toys r us in America is to file for bankruptcy owing 5 billion dollars ,if they go under will they take out the stores in the uk with them ?

 

I believe they have just filed for Chapter 11 in the US and are also seeking protection in Canada. Their operations in my part of the world (as they are joint ventures, not solely owned/operated by TRU USA), and Europe, should continue to stay open:

 

The new financial arrangement will not affect the retail giant’s operations outside the US and Canada, including its units in Europe and Australia and about 255 licensed stores and joint venture partnerships in Asia.

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