Hamleys Denmark closes outlets following bankruptcy

Scandinavian franchise holder shuts all of its stores

What goes up, must come down … Especially in the Danish summer (photo: Pixabay)
April 2nd, 2014 5:01 pm| by admin
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The Hamleys Denmark toy chain closed all four of its Danish locations following yesterday’s decision by its Nordic parent company, Kids Retails of Denmark, the owner of the Hamleys Scandinavian franchise, to file for bankruptcy.

Hamleys Denmark had four outlets in the Copenhagen area: 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.

HK union consultant Lars Kristiansen said that the company’s employees have been paid their salaries for March and told not to return to work.

READ MORE: Christmas shoppers increasingly head online

Outlets in Sweden and Norway also closed
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 also operated outlets in Norway and Sweden that have also closed, has declined to comment.

The business registry showed that the Hamley’s Danish stores employed between 50 and 99 employees during the second quarter of 2013.

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