The former Toys R Us liquidated its stores, and a different company called Tru Kids acquired the Toys R Us brand name. There are a few people in common between

The former Toys R Us liquidated its stores, and a different company called Tru Kids acquired the Toys R Us brand name. There are a few people in common between the two companies, but intuitively it doesn't seem that the original Toys R Us survived. At the end of the day, people owed money didn't get paid, and a historically uninvolved PE firm did get ppaid. The article [1], rather, seems to present the 2005 buyout as the terminal blow to a weak company; it was only after 2005 that maintenance of the physical stores was neglected. Also, it's not clear how the specific reforms proposed by Warren prevent restructuring and changes in management.