Bankruptcy / Closurecritical2018
🛒
Toys "R" Us
Retail & Consumer · owned by Bain Capital
Toys "R" Us bankrupted by PE debt: 30,000+ workers lost jobs
KKR, Bain Capital, and Vornado's 2005 leveraged buyout loaded Toys "R" Us with $5.3B in debt. The company couldn't invest in stores or compete with Amazon, leading to liquidation in 2018.
Jobs lost
Before
33,000 employees
→
After
0 (liquidated)
Change
-100%
Sources
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