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Home / Business / Anonymous person buys $ 1 million in toys to donate as part of Toys "R" Us

Anonymous person buys $ 1 million in toys to donate as part of Toys "R" Us



RALEIGH, NC (CBS NEWS) – America's last remaining Toys "R" Us stores will close today after a recent Friday sale. However, the One Toys "R" Us site in Raleigh, North Carolina, closed its doors a little earlier – and for good reason – after an anonymous patron bought the remaining $ 1 million worth of toys to hand them to children to donate from the region.

Now, WNCN CBS 17 reports that Triangle Town Center employees spend the last day of their shop packing the few toys left to build a truck.

The mysterious buyer's immense gesture of goodwill is a silver lining on the horizon What was sad for many was the closure of an iconic American business.

The bankruptcy of the company naturally follows the boom of online retailers, where shoppers could conveniently buy affordable toys from home. There was also the high level of debt that Toys "R" Us suffered after being hijacked by the private equity firms Bain Capital and KKR & Co. in 2005 in a leveraged buy-out of $ 6.6 billion Dollar was bought.

After years of struggle Under the weight of rising pressure, Toys "R" Us ̵

1; the largest toy retailer in the US – filed for bankruptcy in September 2017. Over the last few weeks, the company's long-time employees have been lobbying, while looking for other jobs has made national headlines.

Keep pouring salt on the wounds of nostalgic Millennials, a photo of Geoffrey the Giraffe's mascot spinning a small suitcase from an empty Toys "R" Us store went viral this week – a vivid illustration to a sad story the American industry.

Now there is at least one chance act of kindness. And thanks to this anonymous donor, countless children of a younger, younger generation will enjoy Toys 'R' Us toys one last time, as do so many children who came before them.


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