March 9, 2018

Toys R US in deep trouble

AOL -Toys R Us is reportedly in its death throes, and liquidation of all its US assets is looking like the most likely outcome, according to a new report in Bloomberg, which cited anonymous sources.

A deal has not yet been reached with lenders, and sources told Bloomberg that it's not looking likely that will happen. The toy company had reportedly hoped that a buyer would swoop in to rescue the chain.

2 comments:

Catherine Del Masso said...

‘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.’

http://www.thegazette.com/subject/news/nation-and-world/toys-r-us-is-said-to-ready-liquidation-of-us-operations-20180308

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