Bankruptcy / Closurecritical2018
Toys "R" Us
Retail & Consumer · owned by Bain Capital
Toys "R" Us liquidated after PE firms extracted $464M in fees
Bain Capital, KKR, and Vornado's $6.6B leveraged buyout loaded $5.2B in debt. Annual debt service of $400M starved the company of investment capital. 33,000 U.S. workers lost jobs when all 735 stores closed.
U.S. stores
Before
735 stores
→
After
0 (liquidated)
Change
-100%
Sources
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