Toys R Us acquires FAO Schwarz
Thursday, May 28. 2009
"WAYNE, N.J. – Toys R Us. Inc. announced early Thursday that it had bought troubled high-end retailer FAO Schwarz, which has struggled for years through bankruptcies amid tough competition from discount stores.
'We will work tirelessly to preserve the distinctiveness and integrity of the FAO Schwarz stores and brand as we grow the business and, indeed, take the brand to even greater heights,' Jerry Storch, CEO and chairman of Toys R Us, said in a news release."
Full story here
'We will work tirelessly to preserve the distinctiveness and integrity of the FAO Schwarz stores and brand as we grow the business and, indeed, take the brand to even greater heights,' Jerry Storch, CEO and chairman of Toys R Us, said in a news release."
Full story here
Trackbacks