Toy R Us is still a thing in Canada, you can just go there and get your kid legos like its 2002
this post was submitted on 29 Sep 2025
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Leveraged buyout is insane and should be so very very illegal.
Let them leverage but they have to pay it back. None of this transfer the loan shit.
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Back to the good old corporate raiders like Lorenzo. For a while there we kept them on a leash. Now with the Land of No Consequences and leashes becoming meaningless these leeches are free to buy and pillage as they see fit. The housing market is gonna be destroyed next, wait until they start selling the homes off to shell companies and taking loans to pay for the deteriorating properties and property taxes (which trump has floated getting rid of to keep these hoarders afloat even longer).
TRU currently exists outside US but by retailers in other countries using the brand for their toy stores.
Everything they did was to line their pockets and destroy the company and leave creditors holding the bag. They should ban buying with loans, no taking loans against acquired companies for X years. The sale and leasing of assets back by the same owners stinks.
It's a cycle I can describe, but cannot understand. A business has some minor decline in sales, or profits, or whatever. Private equity firms convince one group of people this is the biggest disaster, and the company is ruined forever, hardly worth anything. Simultaneously, they convince a second group of people that the company has a strong business model, and will recover soon.
The second group lends the company a ton of money to buy itself from the first group of people, for the private equity firm. Now, the private equity firm tries to make a temporary spike in value, pay themselves large dividends, and sell the (now actually, fundamentally broken) company for as much as they can.
The original shareholders lose. The employees of the business lose. The banks (or their insurance company) lose. Private equity wins.
My lack of understanding is, if I were a bank, I would spot this scam either the first, or second time it happens. Next time Mitt Romney came to ask me for ten billion dollars, I would tell him to pound sand. How has it taken actual professional bankers hundreds of times to (still not) see the cycle?
Likewise, the insurance companies backing some of these loans must know they've lost billions on this. Why haven't they done anything?
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