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Culprits in Toys R Us collapse

Greater than the sum of its parts: Toys R Us on Black Friday. Photo: Andrew Burton/Getty

Six months after filing for bankruptcy, Toys R Us said today that it will close all its U.S. stores and 100 in the UK, writes the Washington Post's Abha Bhattarai.

Why it matters: The Amazon effect is one reason for the iconic chain's misery. But the other is the $6.6 billion in debt that Vornado, Bain Capital and KKR laid on Toys R Us after a leveraged buyout in 2005, some $5.2 billion of which remains.