ANSWERS: 2
  • didnt know they closed
  • It closed because an investment firm bought them, charged exorbitant rates for advice, then and only then did they go into debt.These parasites were able to lay off employees without severance pay. Here's the best explanation: https://www.youtube.com/watch?v=DgXLS_XBcbg
    • mushroom
      TRU knew they were taking on $5B in debt as part of the deal, ostensibly to buy out the competition (already owned by Bain Capital), improve their online presence (eToys) and B&Ms. Sales never improved, but the debt had to be paid every year. The stock had been in the low $20s earlier that year and was bought out at $26.75. At least the shareholders got something in their pockets.

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