> Its debt was downgraded to junk bond status in January of 2005, at a time when Amazon's sales were just 4% of their current level.
And then it says:
> A year later the company was taken private by KKR, Bain Capital and real estate firm Vornado.
The fact that their bonds were downgraded to junk a year before tells me that Toys R Us was already in trouble by the time private equity stepped in.
> Its debt was downgraded to junk bond status in January of 2005, at a time when Amazon's sales were just 4% of their current level.
And then it says:
> A year later the company was taken private by KKR, Bain Capital and real estate firm Vornado.
The fact that their bonds were downgraded to junk a year before tells me that Toys R Us was already in trouble by the time private equity stepped in.