Hello and welcome to Newsflash, where I talk about news. Today's story is about Toys R Us and it's liquidation. Toys R Us was a toy store founded in the 40s by a person named Charles Lazarus (whom died a couple days after the story arose) and grew into a giant. But they fell, and hard. Back in November of 2016, Toys R Us had a lot of debt. Like, $5B in debt. So, Toys R Us was bought out by three firms and they borrowed lots of money from their banks, and they promised to pay their debt back to the bank; any other person would do the same thing. They were bought out by Kohlberg Kravis Roberts, Bain Capital Partners LLC and Vornado Reality Trust, all of which were private. So Toys R Us went private and everything was normal right? Right? Sort of; they bought out 3 toy websites and got a chunk of KB Toys' dead corpse and got more debt. Then, it became too much. They filed for bankruptcy protection and it got worse and worse until.. On the 14th of March, 2018, Toys R Us ...
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