Toys “R” Us UK, the biggest toy retailer in the UK, has gone into administration following the failure to find a buyer, according to BBC News.

All 105 stores will remain open until further notice, but transactions on the website have been suspended. Products in store are expected to be on sale.

Toys “R” Us has been facing a £15 million tax bill, and the closure of stores will put up to 3,000 jobs at risk.