TOYS R US has fallen into administration, putting jobs at the new branch in Reading into doubt. 

The toy store, which currently employs roughly 5,500 members of staff, has failed to find a buyer, having been looking for one for the past few months. 

The store has racked up £3.7bn in debt, and filed for bankruptcy protection in America and Canada. 

Moorfields Administrators has been put in charge of the administration process, and has stated that the stores will remain open for trade in the meantime. 

Joint administrator Simon Thomas said to the BBC: "Whilst this process is likely to affect many Toys R Us staff, whether some or all of the stores will close remains to be decided.

"We will make every effort to secure a buyer for all or part of the business.

"The newer, smaller, more interactive stores in the portfolio have been outperforming the older warehouse-style stores that were opened in the 1980s and 1990s."

The store in the Forbury Retail Park was scheduled to close anyway, as the council has revealed plans to develop housing on the old site.

A new store recently opened in Proctor End South, but this will not be effected by the administration.