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Business

In the Age of Amazon, Toys R Us and Other Bankruptcies Test Private Equity’s Playbook

Liam Dosse, 6, searches for toys during his weekly trip to Toys "R" Us in Maplewood, Minn., March 15, 2018. Toys “R” Us is the latest failure of financial engineering, albeit one that could portend a new, potentially more ominous outlook for private equity in the digital era. (Jenn Ackerman/The New York Times)