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A purchase in toyland, Toys R Us buys FAO Schwarz

Posted May 28th 2009 12:00PM by Mark Fightmaster (RSS feed)
Filed under: Before the Bell, Deals

This morning, Toys R Us Inc. announced that it purchased high-end toy retailer FAO Schwarz. FAO has struggled mightily for years, thanks to harsh competition from discount toy stores.

Toys R Us CEO Jerry Storch stated, "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."

Continue reading A purchase in toyland, Toys R Us buys FAO Schwarz

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