Tag Archives: FAO Schwarz

Rethugs R Them

May 28 (Bloomberg) — Toys “R” Us Inc., the largest U.S. toy-store chain, acquired FAO Schwarz to take over the retailer’s flagship Fifth Avenue store in New York and increase its market share.

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The company was founded in 1862 by Frederick August Otto Schwarz and his three brothers.

Now when I think of that scene in Big with Tom Hanks and Robert Loggia playing Heart and Soul on the giant FAO Schwarz piano, I’ll be sad. However, kids, the news might have been far worse! Just imagine…

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