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Thread
:
Toys R Us To Liquidate
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03-09-2018, 09:32 AM
#
30
Dolemite
Join Date: Nov 2014
Posts: 4,036
Quote:
Originally Posted by
Dr Kain
I guess I shouldn't bother trying to pay off my TRU credit card in such a big hurry anymore then if I'm not going to be able to use it much longer.
I have no idea how this works. I doubt that if TRU goes under that it would automatically cancel your credit card debt, since you have the card through a bank TRU is affiliated with and not TRU directly. Unless that's not what you meant, however.
Quote:
Originally Posted by
Dr Kain
Opps, for some reason I thought Bloomberg was tne name of the company that owns TRU, but that was just where the article came from. Who owns them? I can't find it listed in the article.
From the article:
"The downfall of Toys “R” Us can be traced back to a $7.5 billion leveraged buyout in 2005, when Bain Capital, KKR & Co. and Vornado Realty Trust loaded the company with debt."
Quote:
Originally Posted by
Dr Kain
And have the comic shops mark up the price by $10-50? No thanks.
True...my local collectible store is usually $5-$10 more than TRU. But once you add in shipping from online retailers it'll probably even out. Either way we can expect to be paying more for our toys in the near future. Fucking bummer.
Dolemite
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