Lawmakers Question KKR, Bain, Vornado Over Toys “R” Us Failure

7/9/18

Nineteen members of Congress sent a letter to Toys “R” Us private equity investors and questioned their role in the failure of the retailer, the Wall Street Journal said. The July 5 letter, sent to KKR, Bain Capital and Vornado Realty Trust, asked whether the PE firms deliberately pushed Toys into bankruptcy and encouraged them to compensate the roughly 33,000 workers who lost their jobs, the story said.

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