America's last remaining Toys "R" Us stores will close
Now, WNCN CBS 1
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 had to incur after being plundered by the private equity firms Bain Capital and KKR & Co. in a $ 6.6 billion leveraged buy-out in 2005was bought.
After years of struggling to free itself from the pressure of increasing pressure, Toys "R" Us, the largest toy retailer in the United States, filed for bankruptcy in September 2017 . In recent weeks, news from the company's long-time employees campaigning forwhile looking for other jobs has made national headlines.
Salt on the wounds of nostalgic millennials continues
Now there is at least one coincidence act of kindness added to the mix. And thanks to this anonymous donor, countless children of a younger generation of Toys "R" Us toys will enjoy one last time, just like so many kids before them.
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