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Good night toysr us

kakatiya

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kakatiya

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Toys R Us stores close Friday, leaving behind nostalgia, anger and a chance of revival

Published 3 Hours AgoCNBC.com
  • Toys R Us will shutter its doors for good in the U.S. Friday.
  • The private equity-backed toy store announced plans to liquidate its operation in March after filing for bankruptcy in September..
  • There is a chance the brand can resurrect itself in a different form following the sale of its intellectual property
105303808-6ED1-REQ-ToysRUs-062918.600x400.jpg?v=1530300615

 

Toys R Us will shutter its doors in the U.S. Friday, leaving in its wake a great deal of sadness, pockets of anger and some slim hope.

The retailer filed for bankruptcy this past September with $4.9 billion in debt, a vestige from its $6.6 billion acquisition by Kohlberg Kravis Roberts, Bain Capital Partners and real estate investment trust Vornado Realty Trust in 2005. Five months later, it announced plans to liquidate its U.S. business.

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