Wednesday, September 21, 2016

Saving the Big Box: Inside the plan to revive Toys 'R' Us

There hasn't been much to smile about at Toys "R" Us Inc. More than a decade after a $7.5 billion leveraged buyout by Bain Capital, KKR & Co. and Vornado Realty Trust, the retailer remains saddled with annual interest payments approaching $500 million and no clear path for its owners to exit the investment. The company registered for an initial public offering in 2010, only to withdraw it a few years later. Since the buyout,, which once ran the Toys "R" Us website, has become a powerful competitor. And shoppers are abandoning the suburban malls that helped make the big-box pioneer one of the most dominant retailers of the 1980s and 1990s.. . . more

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