Toys'R'Us files for bankruptcy protection in US and Canada

Retail giant Toys'R'Us has filed for bankruptcy protection in the US and Canada after struggling amid mammoth debts and online competition.

But the group, which has around 1,600 stores worldwide and 64,000 employees, said its stores outside of the US and Canada - including the UK and Europe, as well as around 255 licensed stores and a joint venture in Asia - were not included in the so-called Chapter 11 filing.