b&b194: Who really bankrupted Toys R Us & how small businesses can fill the gap
Six months ago, after 69 years in business, Toys R Us filed for bankruptcy. Two days ago, it announced that all 800 of its American stores, and all 100 of its British ones, are closing or being sold. As many as 33,000 workers could lose their jobs. As recently as last year, the company still accounted for 20 percent of all U.S. toy sales.
So who killed Toys R Us? It wasn’t Amazon or Walmart…listen to find out about leverage buyouts and asset stripping.