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Amazon might have been one of the final nails in the coffin, but most of the wood came from elsewhere. The reality is that this is now another on the long list
by arbuge 9y ago
Amazon might have been one of the final nails in the coffin, but most of the wood came from elsewhere. The reality is that this is now another on the long list of companies killed by private equity:
"The downfall of Toys “R” Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt. For years, the retailer was able to refinance its debt and delay a reckoning. But the emergence of online competitors, like Amazon.com Inc., weighed on results. The company’s massive interest payments also sucked up resources that could have gone toward technology and improving operations."
https://www.bloomberg.com/news/articles/2018-03-08/toys-r-us-said-to-be-prepping-liquidation-of-u-s-operations https://www.bloomberg.com/news/articles/2018-03-08/toys-r-us...