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And how many small coffee stores have been put out of business by the chains? Christ, Queen Street these days seems to be nothing more than coffee shops and pound stores!
Privately owned stores like Toys R Us, Maplins haven't been catering for public demand, adapting to modern needs. As a consequence, public have gone elsewhere. Same throughout history.
WHS even sells booze at Leigh Delamare services.
Latest from today's FT. Private equity LBO methods killing the companies.
At Toys R Us, those problems were exacerbated by $5bn of debt heaped on the US parent company in 2005 when it was taken private by a consortium of buyout funds that included Bain Capital, KKR and Vornado Realty Trust.
The company filed for bankruptcy in the US in September after what analysts say were years of under-investment in its tired-looking stores, as it struggled to keep up with the $250m annual cost of servicing its debt.
The position of 2,335 workers at Maplin grew increasingly precarious as February wore on, with management holding emergency sale talks after credit insurers refused to back the electronics retailer’s liabilities to suppliers.
On Wednesday, owners Rutland Capital the latest in a series of private equity owners — handed control to the company’s creditors. Zelf Hussain, a partner at PwC who is acting as joint administrator, said the business would trade as normal while the search for a buyer continued.