How Toys “R” Us Collapse So Quickly

Toys ‘‘R’’ Us Inc., which somehow managed to sustain a crushing debt load for more than a decade after its 2005 buyout, finally succumbed this week to a “dangerous game of dominoes” that toppled the retailer in a matter of days. Until the past few weeks, markets had reflected little doubt that a rescue deal would get done before the crucial holiday shopping season, as Toys ‘‘R’’ Us negotiated to restructure about $400 million of borrowings due next year.   READ MORE