It was actually doing just fine. And make no mistake, these companies aren't managed into the ground by accident. For most of them, that was a plan all along. Private equity bought Toys R Us back in 2005, and at the time, the company had over $11 billion in revenue. You know, it sounds like it was doing pretty well. But private equity borrowed money to buy the company, loaded it up with debt, debt that Toys R Us was now responsible for paying. (01:35–01:45)
CLAIM
Asserts that Toys R Us had substantial revenue when acquired by private equity.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
