In 2005, Bain Capital Partners, KKR and Vornado Realty (VNO) bought Toys R Us for $7.5 billion. The investors paid $26.75 a share for the second biggest toy retailer in the U.S.
The Company filed for an I.P.O. in May of 2010 to raise $800 million and sought new revolving credit lines, but it now isn't expected to go public until 2012. Roughly 40% of total sales come during the holiday season and a continued spending and employment slump kept an I.P.O. on the shelves. In July, the company reported revenues were down 1.6% to $29.9 billion and same store sales fell 2.2%. Lower rents boosted overall profit margins, however. Number one toy seller Wal Mart (WMT - Get Report) has fallen almost 4% year to date, less than overall markets.