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> who took it private in 2005 via leverage buyout and ladened Toys r Us balance sheet with untenable debt from thereon You are not taking into account the chan
by gist 9y ago
> who took it private in 2005 via leverage buyout and ladened Toys r Us balance sheet with untenable debt from thereon
You are not taking into account the changing habits of kids as a result of both the iphone and ipads or equivalent. Kids don't view toys the same way that they did prior to 2007 onward and neither do parents. I grew up in a day and age where getting a chance to have a toy was a big deal (and only happened a few times per year at that). Today kids can play games and be entertained with a digital device. It's hard to even compare to whatever projections that were done with the leveraged buyout.
- coredog64 9y agoWith three kids, my wife and I used to buy Lego at every opportunity. It was also an easy gift idea to give to grandparents. My kids haven't played with Lego for years. They enjoy doing it Minecraft or one of a zillion other Steam games that offers the same build-it-yourself functionality as Lego.
- rosege 9y agoAnd Lego's not doing so well either https://www.nytimes.com/2017/09/05/business/lego-sales-toys.html https://www.nytimes.com/2017/09/05/business/lego-sales-toys....