After filing for bankruptcy last fall, Toys R Us plans to close a fifth of its US stores to make the business viable again. To guide the store closure process, the company has hired two teams of consultants, Hilco Global-Gordon Brothers and Tiger Capital Group-Great American Group. Their tasks include clearing out store merchandise, overseeing store-level employees and managers, and coming up with ways to transition customers to remaining stores and online shopping, so that Toys R Us doesnt lose them.
The consultants are splitting the work geographically, but thats not the real reason why Toys R Us hired two of them. That would be competition. In court documents filed Jan. 23, Toys R Us explains that it engaged the two groups…
Read the full article at: https://qz.com/1188296/toys-r-us-hired-two-bankruptcy-consultants-to-make-them-compete-against-each-other/