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Why corporations like Toys R Us like to go bust in Virginia

The Toys R Us world headquarters are on a sprawling wooded campus subsequent to a reservoir in Wayne, N.J., on a avenue that bears the title of the corporate’s iconic mascot, Geoffrey the giraffe.

However in September, when Toys R Us filed for one of many largest bankruptcies of the 12 months, it didn’t go to close by Newark.

As an alternative, the toy firm adopted a variety of firms — from San Francisco’s Gymboree to a serious coal firm to a Pennsylvania fracking firm — which might be selecting to file for chapter in Richmond, Va.

Richmond has turn out to be the vacation spot marriage ceremony spot for failed corporations. The U.S.

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