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Private Equity . . . Hold my beer!
I will never understand how leveraged buyouts are legal. I mean it somehow makes sense in its original form where workers were buying out the patron but now it is just weird.
you don’t understand why allowing someone to take on debt to purchase a business is legal?
It’s time to actually mean it and stop buying from them. No, I mean it. Stahp.
Oh it’s a private equity firm
Toys R Us still lives in Canada. She’s practically just as you remember her. And she’s happy. 🥲
2 of the 4 stores in Ottawa just closed and a 3rd one is going to soon. I don’t think Toys R Us is doing that well.
If 1 is profitable and 3 aren’t and it’s a matter of geography, that’s a sound business decision.
What kind of a sane business model would benefit from holding onto (and paying taxes on) property/assets that aren’t profitable? 🧐
Yeah, that’s kind of my point. 3 of 4 stores in Ottawa aren’t profitable is probably an indicator that Toys R Us (at least in Ottawa) isn’t doing that well.
Do we really need 4 physical stores in Ottawa, though? I mean yea it’s sprawled to shit but still. Looks like the Merivale is still going and it’s at least pretty central. There are plenty of other toy stores around as well, so the concept of physical locations, at least, is still cruising.
Merivale is the one that will probably close soon. A few months ago, they sold the property and put the “store closing” signs up, but took them down when the sale fell through. I assume it will close again when they sell the property again.
The only one that I believe hasn’t closed or tried to close is the St. Laurent one. Even the one in Gatineau apparently had closing signs, but I don’t know if they actually closed or not yet.
Dang, but it’s sorta fair considering how the area’s not thay dense. Ottawa will, I hope, one day understand that building large box stores away from customers just isn’t the play.
But I live in Montréal now where mid-density is king and we got toy and game shops opening up across the street from other toy and game shops because customers density supports that kinda behaviour.
She’s practically just as you remember her.
Except for the soft play area they’re adding. She’s enshittifying.
Toy store: adds play area for little children
You:
Have you seen those places? They’re a fraction the size of indoor playgrounds, and displace shelves that used to be packed with toys. https://www.toysrus.ca/en/playlab-indoor-playground.html
I’m pretty sure that canada has plenty of room
Except for the soft play area they’re adding. She’s enshittifying.
why is that enshittifying?
In Canada, enshittification makes things even better.
Last time I visited Canada I ate poutine twice in one day and you better believe I faced some enshittification. Great public toilets though; in the states it feels like every city has become a toilet desert, you need to buy a meal at a restaurant just to use a bathroom.
Because every soft play place eventually devolves into a lure to get kids to play overpriced, lootboxified arcade games.
Excited to see the version of Call of Duty that the new Saudi owners produce.
Hopefully you won’t experience it IRL.
Don’t forget Trump’s son in law
You mean Jared Kushner who along with the Saudis that bought EA?
Jared Kushner has a close relationship with Saudi Arabia, developing a strong alliance with Crown Prince Mohammed bin Salman during his time in the Trump administration. Since leaving office, Kushner has had significant business dealings with the kingdom, including a $2 billion investment from Saudi Arabia’s sovereign wealth fund into his private equity firm, Affinity Partners. This relationship has drawn scrutiny from ethics experts and congressional investigators.
Battlefield surely?
Battlefield: Ghaza
It’s one of the aerial levels. :( :(
I’m sorry. I didn’t create the news.
Gamer known as ea
In his first term, the economy didn’t tank. That’s it, that’s the difference.
It did once his dead switches triggered. Remember that tax bill that gave everyone tax breaks for four years then jumped higher than before? Ya, that was intentional.
I can’t tell if they’re an optimist or just naive.
I asssumed they meant it was already shit, so cant be enshitifed further.?
Challenge accexpted ?
I think they are claiming that EA is already shit? I’m not positive.
No you’re right, but they seem to think that it can’t get worse… and it very much can.
:shrug: The EA logo might as well already be a big red stamp “DO NOT BUY!” Not like I could give them any LESS money
