"We are delighted to be partners with Bain and KKR, and look forward to building significant value for our investors," said Steve Roth, Chairman and Chief Executive Officer of Vornado.
"We are delighted to be joining forces with Vornado, Bain Capital and the employees and management of the company to realize the full potential of the Toys "R" Us and Babies "R" Us businesses and brands in the U.S. and internationally," said Michael M. Calbert, a Director at KKR. "We look forward to building on the many strengths of the company to make the stores a better place to shop and work."
KKR loads companies with debt and abandons them look at FDC they almost bankrupt that company and it was growing for 30 years until KKR takeover now the company is stuggleing with debt it should never have had.
I went into Toys R Us Thursday and asked if thier safe was for sale manager said $500 but safe movers said it would be a $1500 to move it was a two ton safe, would have been awsome for guns but more than I wanted to spend.
"We are delighted to be joining forces with Vornado, Bain Capital and the employees and management of the company to realize the full potential of the Toys "R" Us and Babies "R" Us businesses and brands in the U.S. and internationally," said Michael M. Calbert, a Director at KKR. "We look forward to building on the many strengths of the company to make the stores a better place to shop and work."
https://www.businesswire.com/news/home/20050317005315/en/Toys-Announces-Agreement-Acquired-KKR-Bain-Capital