Toys "R" Us became a privately owned entity after the buyout. Public stock closed for the last time on Jat $26.75-a 63% increase since when it first announced that the company was put up for sale. On March 17, 2005, a consortium of Bain Capital Partners LLC, Kohlberg Kravis Roberts (KKR) and Vornado Realty Trust announced a $6.6 billion leveraged buyout of the company. Blaming market pressures (primarily competition from Walmart and Target), Toys "R" Us considered splitting its toy and baby businesses. Eyler launched a plan to remodel and re-launch the chain. The board of directors installed John Eyler as CEO (formerly of FAO Schwarz) in May 2000. Lazarus also designed and stylized the Toys "R" Us logo, which featured a backwards "R" to give the impression that a child wrote it. The focus of the store changed in June 1957, and the first Toys "R" Us, dedicated exclusively to toys rather than furniture, was opened by Lazarus in Rockville, Maryland. It was acquired in 1966 by Interstate Department Stores, Inc. Lazarus founded a baby-furniture retailer, Children's Bargaintown in Washington, D.C., during the post-war baby boom. The logo used in the United States from 1998 to 2007. In December 2021, WHP announced they will be opening a Toys “R” Us location in New Jersey at the American Dream Mall. In August 2021, WHP Global announced that Toys "R" Us would be opening over 400 stores within Macy's starting in 2022. Operations in other international markets such as Asia and Africa were less affected, but chains in Canada, parts of Europe and Asia were eventually sold to third-parties. The company filed for bankruptcy in 20, closing all of its US, British, and Australian locations, with the last US stores closing in 2021. While originally considered a category killer, the rise of mass merchants and online retailers cost Toys "R" Us its share of the toy market. The company was founded in 1957 its first store was built in April 1948, with its headquarters located in Parsippany-Troy Hills, New Jersey, in the New York metropolitan area. Toys "R" Us is an American toy, clothing, and baby product retailer owned by Tru Kids, Inc. Babies "R" Us (1996–2018, United States 1996–present international).
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