Arab Today, arab today toy giant closes all danish shops following bankruptcy
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Toy giant closes all Danish shops following bankruptcy

Arab Today, arab today

Arab Today, arab today Toy giant closes all Danish shops following bankruptcy

Copenhagen - XINHUA

The Hamleys Denmark toy chain have closed all four of its Danish locations following Tuesday's announcement by its Nordic parent company, Kids Retails of Denmark, the owner of the Hamlets Scandinavian franchise, to file for bankruptcy. Hamleys Denmark had four outlets in the Copenhagen area, namely at Field's shopping centre, Copenhagen Airport and the Illum department store, and on Vesterbrogade. The Illum outlet had been closed since the beginning of the year, but was supposed to reopen in August. The company's employees had been paid their salaries for March and told not to return to work. Hamleys is the oldest and largest toy shop in the world and one of the world's best-known retailers of toys. Kids Retails of Denmark, which have also closed its outlets in two other Scandinavian countries Norway and Sweden, declined to comment on the closedown. The business registry showed that the Hamleys Danish stores employed between 50 and 99 employees during the second quarter of 2013.

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