New owner of the Toys R Us brand, Solus, said the responsibility for the toyseller's shutdown lay with its private-equity sponsors who saddled the company “with crushing debt.” (Photo: Bloomberg)
(Bloomberg) –Senator Elizabeth Warren is urging more firms to contribute to a newly formed hardship fund for former Toys “R” Us workers. In response, some are saying they're sympathetic — but not responsible.
“It is still inexcusable that many of Toys 'R' Us's investors have been unable or unwilling to help the more than 30,000 American workers who lost their jobs after investors reportedly pushed to liquidate the company,” Warren said in a statement Tuesday.
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