Senator Elizabeth Warren is urging the companies responsible for the demise of Toys “R” Us to take care of its former employees.
Warren, who has said she’s considering a run for president in 2020, wrote to five investment firms that had advocated for a liquidation of Toys “R” Us assets and asked them to consider supporting a severance fund.
Two of the company’s owners, Bain Capital and KKR, have discussed setting up such a fund, according to sources familiar with the discussions. The company’s third owner, Vornado Reality Trust, also received a letter from Warren about the issue.
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