Toys R Us sees success from turnaround strategy

10/30/2011 | Washington Post, The

Toys R Us heads into the holiday season with strong momentum attributed largely to turnaround efforts led by CEO Jerry Storch. A trio of private equity firms paid $6.6 billion for the chain in 2005 and, instead of selling off the company in pieces as many predicted, it bought up struggling competitors including FAO Schwarz and KB Toys, and boosted sales and market share with exclusive brands.

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