Toys R Us, once the dominant U.S. toy retailer, filed for Chapter 11 bankruptcy in September 2017, crushed by roughly 5 billion dollars in debt from a 2005 leveraged buyout combined with intensifying competition from Walmart and Amazon. The company failed to reorganize and liquidated its U.S. operations in 2018, closing more than 700 stores and eliminating roughly 30,000 jobs, becoming one of the most cited cautionary tales of private-equity debt loads combined with e-commerce disruption.
Facts
Cross-Tradition Connections
Sources
Reader Challenges (0 open reader challenges)
No disputes yet. Spotted an error or a better source? Open the first one.
Sign in to dispute this or suggest a correction.
View At A Past Year
The atlas records no dated fact of its own for this entry, so there is no other year to choose.