I mentioned in another thread, toys r us went bankrupt because they were bought buy Bain Capital through a leveraged buyout. Consumers could care less about SJW shit.
When they were bought by Bain Capital, they had $2.3billion in debt that they were able to service. Through their creative accounting, they pushed enough debt onto toys r us to the tune of $7.6billion which cost toys r us $400 million annually to service. In 2016 they reported a loss of $29 million. They would have generated substantial profit had they not been saddled with such heavy debt obligations.
Like I said, consumers give zero fucks about SJW tripe when Black Friday rolls around. Toys r us is dying because they got fucked by private equity, and weren’t able to adapt to changing market conditions.
When they were bought by Bain Capital, they had $2.3billion in debt that they were able to service. Through their creative accounting, they pushed enough debt onto toys r us to the tune of $7.6billion which cost toys r us $400 million annually to service. In 2016 they reported a loss of $29 million. They would have generated substantial profit had they not been saddled with such heavy debt obligations.
Like I said, consumers give zero fucks about SJW tripe when Black Friday rolls around. Toys r us is dying because they got fucked by private equity, and weren’t able to adapt to changing market conditions.