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MP Challenges Toys R Us On Pensions Ahead Of Closures

Law360, London (December 5, 2017, 10:47 AM GMT) -- An influential British lawmaker has demanded answers from Toys R Us about the health of its pension scheme after the troubled retail chain earmarked "at least" 26 U.K. stores for closure.

Toys R Us (U.K.) Ltd., which employs 3,200 people, named stores across the country for closure on Monday as part of a wider deal to help it avoid bankruptcy.

Frank Field, chairman of the House of Commons Work and Pensions Committee, raised concerns that the company had an  £18.4 million ($24.7 million) hole in its...
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