5 ms·
Isn't this essentially the same thing that killed Toys-R-Us?
by loudambiance 3y ago
Isn't this essentially the same thing that killed Toys-R-Us?
- SQueeeeeL 3y agoYeah. It's bizarre that leveraged buyouts are even legal given how destabilizing it is to local economies; but also Bain Capital (the company which did the buyout of Toys R Us) was cofounded by Senator Mitt Romney, so you can start to understand why the FTC and Congress aren't really inclined stop the madness and regulate themselves more
- red-iron-pine 3y agoChanges to retail (e.g. online, e.g. Amazon) killed Toys-R-Us, PE just pimped it out until they could sell it for parts
- manishsharan 3y agoAnd Sears.