Toys R Us to delist from ASX under deed of company arrangement

The news: Toys R Us will delist from the ASX as the company’s administrators BDO announced that the Directed Electronics Australia will acquire all company shares pursuant to the terms of a deed of company arrangement (DOCA).

The context: The toy retailer entered voluntary administration in June, around five years after the brand was relaunched as an online store. Toys R Us had been pursuing a recapitalisation plan with the support of primary stakeholders, but the company said in June that it was “no longer in a position to pursue a solvent recapitalisation plan”.

In an ASX filing on Wednesday evening, BDO administrators said that the company resolved to execute the DOCA on 31 July 2025 and that the arrangement includes transferring shares, establishing a Creditors’ Trust Deed, replacing company officers, and delisting the company from the ASX.

The former multinational toy store chain shut down all 44 of its Australian stores after it filed for bankruptcy in the US in 2018, but the brand was revived through a series of acquisitions and licensing agreements.