On March 14, 2018, it was revealed that all Toys "R" Us stores in the United Kingdom would close. The next day, it was announced that Toys "R" Us is officially going out of business and selling all 800 of its U.S. stores. In addition, all Toys "R" Us stores worldwide would be sold off. At the time, toy maker MGA Entertainment has made a bid to take over the company's stores in Canada, but it failed.