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The Mystery Buyer grabs Toys $ Us million to donate toys



NEW YORK (CBS) – The last remaining Toys R Us outlets in America will close after a recent Friday sale.

A Toys R Us store in Raleigh, North Carolina, however, closed its doors a little early – and for good reason – after an anonymous patron bought $ 1 million worth of the rest of the store's toys to donate to local children.

The Triangle Town Center staff spent the last day of their shop packing the few toys left on a truck.

The immense gesture of the mysterious buyer is a silver lining in what for many is a sad narrative is the shuttering of an iconic American business.

The bankruptcy of the company follows the boom of online retailers, allowing shoppers to buy affordable toys from the comfort of their own homes. There was also the high level of debt that Toys R Us had to bear after being sold by the private equity firms Bain Capital and KKR & Co. in 2005 in a leveraged buy-out of $ 6.6 billion had been bought.

After years of exiting under the weight of this growing pressure, Toys R Us ̵

1; the largest toy retailer in the US – filed for bankruptcy in September 2017.

In recent weeks, the company's long-time employees have been lobbying while they look for severance pay other jobs made national headlines.

Further pouring the salt from the wounds of nostalgic millennials, a photo of Geoffrey the Giraffe's mascot turning a small suitcase out of an empty Toys R Us business went viral this week – a vivid illustration of what has a sad one Becoming a story about American industry.

Well, at least there is a random act of kindness added to the mix.

And thanks to this anonymous buyer, countless children of a younger, younger generation will enjoy Toys R Us toys one last time, just like so many kids who came before them.


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