Toys R Us is preparing to close around a quarter of its 106 UK storages, with the loss of hundreds of jobs, the BBC understands.
The closures would form part of a bargain to renegotiate indebtedness owed by the company to its landlords – which must be agreed by 75% of its creditors.
The toy giant, which has around 3,000 workers, is looking to move away from its “big-box” out-of-town storage framework.
Christmas trading and gift cards are not expected to be affected.
The company is attempting acceptance from its board and US parent company to enter talks with the landlords.