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Purveyor

(29,876 posts)
Tue Sep 19, 2017, 12:33 AM Sep 2017

Toys R US Files for Bankruptcy, Crushed by Online Competition

Source: Bloomberg

By Dawn McCarty
September 18, 2017, 11:42 PM EDT

Toys “R” Us Inc. filed for bankruptcy as the retailer, loaded with debt in a buyout more than a decade ago, failed to keep consumers from abandoning its stores for the lower prices and convenience of online shopping.

The company filed Chapter 11 documents late Monday in U.S. Bankruptcy Court in Richmond, Virginia. The chain secured $3 billion in debtor-in-possession financing to stay open while it restructures, according to a company statement.

The bankruptcy filing is the latest blow to a brick-and-mortar retail industry reeling from store closures, sluggish mall traffic and the threat of Amazon.com Inc. More than a dozen major retailers have filed for creditor protection this year, including Payless Inc., Gymboree Corp. and Perfumania Holdings Inc., all of which are using the Chapter 11 process to close underperforming stores and expand online operations.

Much of the toy merchant’s debt is the legacy of a $7.5 billion leveraged buyout in 2005 in which Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt to take it private. Since then, the Wayne, New Jersey-based chain has struggled to dig itself out.

Read more: https://www.bloomberg.com/news/articles/2017-09-19/toys-r-us-files-for-bankruptcy-crushed-by-online-competition

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Toys R US Files for Bankruptcy, Crushed by Online Competition (Original Post) Purveyor Sep 2017 OP
Sad.... RhodeIslandOne Sep 2017 #1
Just a bit of karma as T'R'Us move into our small local market facilitated the demise of my old Purveyor Sep 2017 #2
It sounds to me that the same things killing ToysR'Us are the same things that killed your store. RhodeIslandOne Sep 2017 #3
No, its only killing those that either refuse or are to slow to adapt but those that do cstanleytech Sep 2017 #4
not slow to adapt. it was raped by Bain Capital. who do we know associatied with Bain? nt msongs Sep 2017 #5
Bain Capital! atreides1 Sep 2017 #8
The term "47 percent" comes to mind. spiderpig Sep 2017 #16
Our grandchildren were not that pleased to get T r U gift cards last Christmas. Hortensis Sep 2017 #26
This is NOT the frault of Amazon-- it is retaiiers being run by money guys, not retail guys... TreasonousBastard Sep 2017 #6
+1 dalton99a Sep 2017 #7
Exactly. Headline should read "...crushed by management financial games" JHB Sep 2017 #10
Thanks for this list! FakeNoose Sep 2017 #19
Keep in mind: these articles were written 26 years ago... JHB Sep 2017 #22
I agree. What many of these stores like kmart sears radio shack etc JI7 Sep 2017 #11
I get the point about how shitty these toy stores look inside Cosmocat Sep 2017 #21
that's why they need to make their stores appealing to make people(specifically kids) JI7 Sep 2017 #24
This has become a system where Private Equity gets paid while public investors are bagholders bucolic_frolic Sep 2017 #9
Funny,I'd rather buy local and just go get it than mess with online.... Bengus81 Sep 2017 #12
That's ironic, becasue Wikipedia says, "At its peak, Toys "R" Us was considered a classic example Nitram Sep 2017 #14
My Efforts To Avoid Online RobinA Sep 2017 #35
When I was ten years old, in 1962, my Mom took me to the new store and let me... Nitram Sep 2017 #13
Back in 02 and 04 when our kids were of "toys r us" age ileus Sep 2017 #15
never really liked toy r us dembotoz Sep 2017 #17
People are no longer supporting their small local retailers FakeNoose Sep 2017 #18
A shocking demise. KY_EnviroGuy Sep 2017 #25
Yes exactly sharedvalues Sep 2017 #27
What a farce is was... KY_EnviroGuy Sep 2017 #29
GOP billionaires care only about themselves. sharedvalues Sep 2017 #42
This is so true FakeNoose Sep 2017 #30
Sort of sad... KY_EnviroGuy Sep 2017 #31
I wasn't around in the 50s and 60s so I have no idea what retail was then crazycatlady Sep 2017 #32
Thanks for sharing that. KY_EnviroGuy Sep 2017 #34
I Worked RobinA Sep 2017 #36
And, I bet you took pride in being a "part of" that company. KY_EnviroGuy Sep 2017 #39
It is not just a question of saving a buck hack89 Sep 2017 #37
Depending on your point of view, that's the problem. KY_EnviroGuy Sep 2017 #38
The last paragraph in Purveyor's post is the most important jmowreader Sep 2017 #20
Toys R Us Just Got Too High Priced... JimGinPA Sep 2017 #23
My observations crazycatlady Sep 2017 #28
If I bought 20,000 hot wheels cars would that help? Blue_Tires Sep 2017 #33
Whenever I read "online competition"...something in me says "Bullshit!!!" Xolodno Sep 2017 #40
Obviously, everyone forgot who owns Toys R Us laserhaas Sep 2017 #41
 

Purveyor

(29,876 posts)
2. Just a bit of karma as T'R'Us move into our small local market facilitated the demise of my old
Tue Sep 19, 2017, 12:45 AM
Sep 2017

toy story memories...

Jackson's Toy House announces it's closing shop after 67 years


By News 10 | Posted: Mon 10:28 AM, Nov 21, 2016 | Updated: Mon 10:50 AM, Nov 21, 2016

JACKSON, Mich. (WILX) - Jackson's Toy House and Baby Too announced to customers on its website Monday morning that it is closing shop after 67 years in business.

In the online announcement, the Toy House cites changes in the toy industry, local economy and competition as reasons behind the decision.

The Wrzesinski and Conley families go on to thank the community for decades of support and says this is a hard time for everyone, especially Toy House staff and families.

The Toy House's "Going-Out-Of-Business" sale will begin Black Friday, November 25th. Everything in the store will be 20% off and the sale and gift wrapping will continue until inventory runs out.

http://www.wilx.com/content/news/Jacksons-Toy-House-announces-its-closing-shop-after-67-years-402260225.html

 

RhodeIslandOne

(5,042 posts)
3. It sounds to me that the same things killing ToysR'Us are the same things that killed your store.
Tue Sep 19, 2017, 12:48 AM
Sep 2017

People are buying online, and it's killing everyone.

Hortensis

(58,785 posts)
26. Our grandchildren were not that pleased to get T r U gift cards last Christmas.
Wed Sep 20, 2017, 06:46 AM
Sep 2017

They appreciated the money, of course, it was that they had to be used there. At 7 and 10 they already knew money bought significantly less at Toys R Us than elsewhere, including other retail stores.

TreasonousBastard

(43,049 posts)
6. This is NOT the frault of Amazon-- it is retaiiers being run by money guys, not retail guys...
Tue Sep 19, 2017, 01:31 AM
Sep 2017

and then leveraged buyouts loading the place with debt when growth has maxed out.

Amazon, Tesla, and a few others were lucky that they could run at a loss for a while, using investor money instead of debt or revenue to expand until they made money.



JHB

(37,161 posts)
10. Exactly. Headline should read "...crushed by management financial games"
Tue Sep 19, 2017, 06:58 AM
Sep 2017

I'd love to see a study about how much job and wage loss that is written off as due to automation and offshoring has actually been due to (or triggered by) financial games by the people in control of the companies.


When this sort of thing comes up it's always instructive to break out the 1991 Philadelphia Inquirer series by Bartlett and Steele:
http://www.philly.com/philly/opinion/inq_HT_WhatWentWrong1991.html

DAY 1
How game was rigged against middle class

After three decades, American worker loses out to Mexico
Who - and how many - in America's middle class

DAY 2
The lucrative business of bankruptcy

DAY 3
Big business hits the jackpot with billions in tax breaks

DAY 4
Why the world is closing in on the U.S. economy

DAY 5
The high cost of deregulation: Joblessness, bankruptcy, debt

DAY 6
For millions in U.S., a harsh reality: It's not safe to get sick

How death came to a once-prosperous discount-store chain

DAY 7
Raiders work their wizardry on an all-American company

DAY 8
When you retire, will there be a pension waiting?

Workers saving for their retirement lose on junk bonds

DAY 9
How special-interest groups have their way with Congress

America's two-class tax system

FakeNoose

(32,726 posts)
19. Thanks for this list!
Tue Sep 19, 2017, 01:44 PM
Sep 2017

Most Americans don't have a handle on financial matters especially these types of corporate level maneuvers.
Problem is, the people who are being hurt the most are not likely to ever take the time to learn about them.
(e.g. the MAGA mouth breathers)

I'm bookmarking this and plan to go over each article on this list.


JHB

(37,161 posts)
22. Keep in mind: these articles were written 26 years ago...
Tue Sep 19, 2017, 07:54 PM
Sep 2017

At the time they were written:

Bill Clinton had only recently announce he'd be seeking the 1992 Democratic Party nomination for president.

Clarence Thomas had just been confirmed as **cough**reliable conservative operative on the SC for decades to come**cough** an associate justice of the Supreme Court.

Freddy Mercury was still alive.

So was the Soviet Union.

JI7

(89,262 posts)
11. I agree. What many of these stores like kmart sears radio shack etc
Tue Sep 19, 2017, 07:26 AM
Sep 2017

Have in common is they all look crappy of you go there. They look like warehouses.

Toys r us especially could have easily upgraded the stores to make people want to go there.

But instead it's all about quick profits.

Cosmocat

(14,568 posts)
21. I get the point about how shitty these toy stores look inside
Tue Sep 19, 2017, 02:35 PM
Sep 2017

but, as a parent, I gotta tell you, there are few things I like less than toy shopping ... If anything would get my online business, it would be buying toys.

JI7

(89,262 posts)
24. that's why they need to make their stores appealing to make people(specifically kids)
Wed Sep 20, 2017, 03:12 AM
Sep 2017

WANT to GO to the stores itself.

right now as you say most kids would be happy just getting the toy . but the business strategy needs to be to make the people who the products are for WANT to go there.

bucolic_frolic

(43,259 posts)
9. This has become a system where Private Equity gets paid while public investors are bagholders
Tue Sep 19, 2017, 06:42 AM
Sep 2017

Company, growth, expansion, debt, red ink, bankruptcy .... then private equity buys it out of bankruptcy for pennies on the dollar, strips out what can be sold off, loads it with debt, and goes public once again.

Beware these cycles!

Bengus81

(6,932 posts)
12. Funny,I'd rather buy local and just go get it than mess with online....
Tue Sep 19, 2017, 08:10 AM
Sep 2017

There are of course certain specialty items which are all but impossible to find local so those I buy online but HOW many times have I searched and tried to buy something at even Home Depot and Lowe's just to be told it's available online only??

WTF? Now instead of just driving those 5-6 miles to HD I have to order online,wait days for delivery. I pay sales tax like I would in the store now but now I get to add SHIPPING to it. Then hope to hell they get the order right and it's not damaged in shipping and start the whole game all over again.

Nitram

(22,861 posts)
14. That's ironic, becasue Wikipedia says, "At its peak, Toys "R" Us was considered a classic example
Tue Sep 19, 2017, 10:46 AM
Sep 2017

of a category killer, a business that specializes so thoroughly and efficiently in one sector that it pushes out competition from both smaller specialty stores and larger general retailers. Which suggests Toys R Us once played the role online sellers do now.

RobinA

(9,894 posts)
35. My Efforts To Avoid Online
Wed Sep 20, 2017, 02:49 PM
Sep 2017

are rarely successful. The cat food I want? Online. The high rated cat scratching post? Not in the store. Two-sided photo printing paper that I got at Best Buy a couple years ago? Blank stare at the store, choice of several online. Camera case? Two similar black ones in the store. Too many choices to pick from on Amazon. I buy most of my clothing from one label. They have stores and online. Go to the store...sorry, all out of your size. The Web site? No problem.

Nitram

(22,861 posts)
13. When I was ten years old, in 1962, my Mom took me to the new store and let me...
Tue Sep 19, 2017, 10:43 AM
Sep 2017

choose my presents. That only happened once, and it was at a brand new Toys-R-Us store.

ileus

(15,396 posts)
15. Back in 02 and 04 when our kids were of "toys r us" age
Tue Sep 19, 2017, 12:00 PM
Sep 2017

the store just didn't have anything useful...I can't imagine anything changed in the past 10-15 years.

dembotoz

(16,826 posts)
17. never really liked toy r us
Tue Sep 19, 2017, 01:02 PM
Sep 2017

noisy
dirty
hostile staff
obviously broken stuff sold as new


avoid them whenever possible

kmart was more fun to shop at

FakeNoose

(32,726 posts)
18. People are no longer supporting their small local retailers
Tue Sep 19, 2017, 01:35 PM
Sep 2017

It's happening everywhere, and not just in Toy Stores.

How many small local toy stores did Toys R Us put out of business when they moved in? How many local retailers have been hurt by Walmarts coming in? It's the same thing. People will drive 10 miles to shop at Walmart rather than pay more at the small local store.

And even the big box stores are hurt by internet shopping. Look over the merchandise at a local store, decide what you want, and buy it for less online. We all do it, and it's hurting the retailers bigtime.

BUY AMERICAN PRODUCTS - SUPPORT YOUR LOCAL RETAILERS

KY_EnviroGuy

(14,494 posts)
25. A shocking demise.
Wed Sep 20, 2017, 06:40 AM
Sep 2017

I'm disappointed at how few Americans appreciate the massive loss of social value we had in small locally owned shops and stores. In my country home town in the 50s and 60s, our family-owned grocery stores, gas stations, dry goods, hardware, clothing and jewelry stores were the heart of our community, along with plenty of small churches, and of course our schools.

These things were the very fabric of our social lives and were the places where people established and strengthened life-long friendships, made swaps and trades, exchanged handshakes and hugs, discussed community and politics, as well as the exchange of ideas and opinions about products for sale.

For me, there's great value in seeing and touching products I'm interested in, along with being able to talk with a knowledgeable sales person - many of which had been in that particular area of retail for generations. That's all been taken away by big box stores and millions of on-line outlets. Nowadays, it's click on a photo of a product that's likely made in China by a no-name company and with no practical guarantees. No touch, feel, smell, evaluate texture and color, or try it out and see if it fits!

Was it worth loosing all that to save a buck? I think not.

sharedvalues

(6,916 posts)
27. Yes exactly
Wed Sep 20, 2017, 07:25 AM
Sep 2017

And moreover when Walmart displaces those local stores, Walmart installs a lot of low wage, no benefits jobs and ships all the profits they make off to Arkansas and to the financial markets and investors.

KY_EnviroGuy

(14,494 posts)
29. What a farce is was...
Wed Sep 20, 2017, 08:13 AM
Sep 2017

when Sam Walton strutted around the country in the 60s and 70s with his "made in America" mantra. In reality, I believe Sam knew he would destroy millions of mom-and-pops in the US, but apparently didn't give a damn about wage deflation or American community.

Rampant consumerism, short-sightedness, lack of concern for the mental and emotional effects of our actions, and our collective greed is slowly killing us.

The billionaires with their hands on the levers of power know quite well that "slowly killing" is the key to success to avoid mass revolt.

FakeNoose

(32,726 posts)
30. This is so true
Wed Sep 20, 2017, 08:49 AM
Sep 2017

It affects the fabric of every small town, but it also has an effect on our middle class economy. It's no longer possible for individual small-business owners to open a local neighborhood store that provides services and employment for the neighborhood. If you're not part of a big franchise operation then your small store doesn't have access to the wholesale distributors and you can't compete with the "big box" stores or with the Amazon-type of webstores. You can't even complete with the second tier discount stores like Big Lots or Family Dollar.

It leaves the small local retailers with 2 options, either close their doors or buy in with a big franchise of some kind. Once you've done that you do have some protections but you're also toeing their line and they get most of the profits. The retailer is basically working for the franchiser even though they're taking all the risks. A lot of people decide that it's hardly worth it.

There really is no free enterprise any more in the US, considering how difficult and expensive it is to start a business here. Retail is especially risky and fraught with barriers, unlike the times while I was groing up in the 1950's and 60's.

KY_EnviroGuy

(14,494 posts)
31. Sort of sad...
Wed Sep 20, 2017, 09:27 AM
Sep 2017

A kid can sit at a desk in his bedroom, write just the right lines of code and be a multimillionaire in 6-months, whereas in the "good 'ole days" in local retail, it took years to to reach a point of building a business and just be making a decent living. Something's wrong with this picture.

The very corporations we used to worship because they gave us good life-long, secure jobs have turned against us and destroyed our communities in the process. Now, most of free enterprise is in individual workers having to shop themselves out for work as self-employed individuals with zero security.

Sort of sad to see numerous small shops clustering around Walmart stores to get more business, and most of them are national chains themselves!

Thanks for pointing out that sad reality in America. We should all call our local Wall Street drug dealer/brokers and thank them.

crazycatlady

(4,492 posts)
32. I wasn't around in the 50s and 60s so I have no idea what retail was then
Wed Sep 20, 2017, 11:21 AM
Sep 2017

However, as a former retail employee (late 90s into the 2000s) I can tell you why salespeople are not knowledgeable about the products. They're simply not paid enough to afford them or care about them.

I worked for a big box dept store/discount store (not a mall anchor). When we first opened, departments were subdivided more and each had a FT employee who was in charge of that dept. Slowly as the FTers left, their positions were not replaced and the departments were consolidated. So for example, the kids' dept was once subdivided into boys, girls, and infants/toddlers each with a supervisor. Within 2 years it was just 'kids' and was impossible for one person to know what used to be 3 departments.

Another retail job (mall store known for scented bath products) took their products more seriously and when we launched a new line, employees would receive a 75% discount on the product to encourage us to try them out ourselves. When we launched a new fragrance, we were given a free trial size lotion of it. But it was not the volume of products that a big box has and this was a specialty store.

AS far as touching a product goes. I'm in my 30s and some things (especially clothes) I need to touch as the quality has gone downhill. I also tend not to buy scented products online either (unless I'm replacing an existing item) as I want to smell them.

KY_EnviroGuy

(14,494 posts)
34. Thanks for sharing that.
Wed Sep 20, 2017, 12:25 PM
Sep 2017

I suspect we can thank big boxers like W-mart for that demise - rock-bottom pay to get rock-bottom prices. I'm darn lucky to even find one of their "associates", much less get any usable info out of them. Unfortunately, their competitors have had to do massive layoffs just to keep the doors open. Some call it a race to the bottom.

The exceptions here are the hardware and lumber big box stores, which seem to be trying to out-do each other for employee knowledge. Many of them are actually retired craftsmen such as electricians, carpenters and plumbers.

We're seeing far better success in small stores in strip malls here, as the malls are in decline. Much better for older folks, too.

Agree with you 100% on seeing/feeling certain products. Cannot understand anyone buying many clothing items on-line, and certainly not any scented products. The scented candle and soap stores do well here.

RobinA

(9,894 posts)
36. I Worked
Wed Sep 20, 2017, 03:06 PM
Sep 2017

in a mall anchor department store at the very end of the era, late '80's. I knew my department like the back of my hand, because they put me there and kept me there. I was actually a full time employee. I/we unboxed the stuff, unwrapped it, hung it on hangers, and figured out where to put it and then put it there. We put the reduced stickers on it and the sale signs on the racks. We knew where everything was and if it was moved we still knew where it was because we had moved it. I eventually became the manager of that same department. My store is gone now, the victim of a poorly thought out merger with another store et al. Department store retail, what remains, has devolved into a bunch of cashiers who don't know a man's tie from a food processor. It isn't their fault, they just go to registers and ring merchandise. The store doesn't seem to value them knowing not only the merchandise, but the market in general. Very sad.

Interesting, Wegman's has come to my area in the past 10 years and it is wildly popular for the very things most of retail has lost interest in.

KY_EnviroGuy

(14,494 posts)
39. And, I bet you took pride in being a "part of" that company.
Wed Sep 20, 2017, 05:11 PM
Sep 2017

Thanks for that lovely story about your history. I participated with equal interest working in a radio/tv sales and repair shop, knew the owner and worked side-by-side with him. The nearby town square had plenty of clothing, furniture, shoe, and jewelry stores, along with one or two 5-and 10c stores (which we country kids thought were the largest stores on the planet, LOL).

IMO, one of the many causes of our demise as a society is the loss of small private companies and small corporations that were a big part of our communities. Those companies felt responsibility toward the towns and took part in community charity and sponsored civic activities. Therefore, employees felt connected and were a part of the company.

I'm glad you're seeing at least a tiny part of that return to your town. Just taking a quick look at Wegman's, it would appear they still take some interest in community.

hack89

(39,171 posts)
37. It is not just a question of saving a buck
Wed Sep 20, 2017, 03:13 PM
Sep 2017

When I go to Amazon I have access to a range of products that small locally owned shops can't provide. I want to be able to get exactly what I want, not just what is available on a shelf in a local store.

KY_EnviroGuy

(14,494 posts)
38. Depending on your point of view, that's the problem.
Wed Sep 20, 2017, 04:41 PM
Sep 2017

I would trade every on-line outlet on the planet for those local town squares and surrounding shops, and the community that went with it They, as a whole, were the heart and soul of America - along with civic centers, libraries, churches and schools.

We've become so "stuff" oriented, it now controls many of us. There's a hell of a difference between "I want" and "I need".

When I was young, being raised in a small country town, we had virtually everything we needed and only went to a larger town for the hospital or a few specialty products. And, a trip to the big city 40-miles away once or twice a year was a huge, huge deal - just to visit a big department store and see all the toys was like a dream. Going to see a movie once or twice a year was equally as huge.

Nowadays, there's almost nothing that will excite a child, as everything is at their fingertips 24/7. It's no wonder half the country is depressed or abusing drugs or alcohol.

Just my worn-out, tired, 70-Y.O. old-fashioned opinion, LOL.



jmowreader

(50,562 posts)
20. The last paragraph in Purveyor's post is the most important
Tue Sep 19, 2017, 02:08 PM
Sep 2017

Can anyone think of a company that was improved by a leveraged buyout? I can't think of one.

I can think of a lot of companies that failed after their LBO...because as everyone knows, the one thing that'll perk up a decent company that's not performing quite as well as Wall Street thinks it should be is dumping $10 billion worth of debt (that they have to repay at 18 percent interest) on its head whether it likes it or not.

JimGinPA

(14,811 posts)
23. Toys R Us Just Got Too High Priced...
Wed Sep 20, 2017, 01:19 AM
Sep 2017

Years ago they were fairly reasonably priced, and especially around the holidays they had some real bargains. They can blame whatever they want, but they over-priced themselves out of business.

crazycatlady

(4,492 posts)
28. My observations
Wed Sep 20, 2017, 07:44 AM
Sep 2017

(I last shopped there at Christmas last year for my nieces-- now almost 3 and just turned 5). On the particular item that I bought them (Kitty Surprise-- a toy I had growing up that was recently brought back), TRU was cheaper than Target or AMazon so it was a no brainer.

Perhaps I was just a 'young' kid but I've noticed that after 2nd grade or so, kids just aren't as interested in toys these days (I was through middle school). Now it seems that they want electronic gadgets instead of toys.

Xolodno

(6,398 posts)
40. Whenever I read "online competition"...something in me says "Bullshit!!!"
Thu Sep 21, 2017, 12:55 AM
Sep 2017

When you account for costs of shipping, is it that much cheaper? I buy stuff from REI online and have it shipped to the store for free, because shipping to home adds an additional price, plus it may not be what I wanted and returning it to the store saves me the hassle. I have my suspicions that TRU didn't have a good distribution network and couldn't utilize something similar. If anything, online purchases allows a retailer to downsize their footprint and save on leases. Stock the most popular items which any stats guy could figure out, the more specialized will be there in a few days for pick up. In some cases, I get technology does bring the end of an era. Such as books, music, movies, etc. purchased online and downloaded, then enjoyed immediately, but c'mon, physical items? I wouldn't be surprised if someone floated the idea, but it was shot down by someone from the capital company.

With that said, "leveraged buyout" = death in most cases. If it doesn't, then those who did the buyout didn't make a enough profit. One thing I always noticed about TRU, they always maintained their "big box" size...when it probably didn't need to. If Wal Mart, Target, etc. can keep a good enough selection of toys, bikes, etc. to support the tastes of most, why couldn't they do so? I suspect, it was the intention of the capital companies the whole time to bankrupt the company. As debtors, they are among the first to get first dibs on assets...and given their often insane repayment plans, they made their money back and then some, everything else is gravy.

At the end of the day, a capital company's goal is to make more money....its why they are called capital company's. Sure they market themselves as "alternative bank"...but even banks will take over and systematically sell off assets, close the company, etc. if they believe, often erroneously, the business is beyond saving. A capital company assesses what they can get get on their return...and that often includes, demise of the company. Of course, they never mention this part to a board of directors, stockholders, unions, pension managers, etc.

 

laserhaas

(7,805 posts)
41. Obviously, everyone forgot who owns Toys R Us
Thu Sep 21, 2017, 02:50 PM
Sep 2017

Bain Capital

One of their biz models is to buy in as cheap as possible, take out as much as possible, file bankruptcy, take out the rest, then get the entity back - rinse, lather - repeat.

Just sayin.....

I know

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