{"id":24615,"date":"2017-09-22T10:14:29","date_gmt":"2017-09-22T14:14:29","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=24615"},"modified":"2017-09-22T10:14:29","modified_gmt":"2017-09-22T14:14:29","slug":"toys-r-us-another-private-equity-casualty","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2017\/09\/22\/toys-r-us-another-private-equity-casualty\/","title":{"rendered":"Toys R Us: Another Private Equity Casualty"},"content":{"rendered":"<p><em>Naked Capitalism<\/em> has the article <a href=\"https:\/\/www.nakedcapitalism.com\/2017\/09\/toys-r-us-another-private-equity-casualty.html?utm_source=feedburner&#038;utm_medium=email&#038;utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29\" rel=\"noopener\" target=\"_blank\">Toys R Us: Another Private Equity Casualty<\/a>.  The article quotes a story in <a href=\"https:\/\/www.ft.com\/content\/02a5edbe-9d93-11e7-8cd4-932067fbf946\" target=\"_blank\" rel=\"nofollow\">Financial Times<\/a><\/p>\n<blockquote><p>\nBut the blame is perhaps to be placed most squarely on its private equity ownership. Toys R Us has spent more than $250m a year servicing $5bn in long term debt, which was \u201cnot a sustainable situation,\u201d one investor said, as the company faced increasingly crushing competition from Amazon and Walmart.<\/p>\n<p>After years of rearranging its debt burden, like other big leveraged buyouts of the pre-financial crisis era, it is presenting a restructuring under bankruptcy protection as a bid for freedom. Toys R Us says it now has a chance to bring its \u201cvision to fruition\u201d, announcing plans to invest in marketing and technology and even promising to raise store employees\u2019 wages.\n<\/p><\/blockquote>\n<p>I had no idea about the Toys R Us Bankruptcy when I wrote my previous post <a href=\"http:\/\/ssgreenberg.name\/PoliticsBlog\/2017\/09\/20\/toshiba-to-sell-chip-unit-to-bain-capital-led-group-for-18-billion\/\" rel=\"noopener\" target=\"_blank\">Toshiba to sell chip unit to Bain Capital-led group for $18 billion<\/a> about my prediction of the eventual demise of Toshiba&#8217;s chip unit in the hands of Bain Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naked Capitalism has the article Toys R Us: Another Private Equity Casualty. The article quotes a story in Financial Times But the blame is perhaps to be placed most squarely on its private equity ownership. Toys R Us has spent more than $250m a year servicing $5bn in long term debt, which was \u201cnot a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-24615","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=24615"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24615\/revisions"}],"predecessor-version":[{"id":24616,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/24615\/revisions\/24616"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=24615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=24615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=24615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}