The founder of the troubled toy fight city children's store chain died on Thursday, a week after the company announced its end of operations in the United States.
"There have been a lot of sad moments in toy fight city in recent weeks, and there is no more heartbreaking news today about the death of our beloved founder, Charles Lazarus, "After a period of health decline," the company said in a statement sent to AFP.
Lazarus, 94, gave up for a day. to-
He founded a small childcare store in 1948 and later developed into one of the world's most well-known children's brands.
"He's the father of the toy industry," Michael Goldstein, who took over Lazarus as chief executive, told CNN.
"He knows toys, likes toys, and likes children who shop in stores.
His face lit up as he watched the children play with toys.
"A week ago, Toys R & R announced it was cleaning up its US business ---
Closing all 735 stores could cut 33,000 jobs, the victim of the online retail boom.
As a retail force in its 1980 s, it also faces greater store pressure, deeper discounts and was privatized in 2005 by investor consortia including KKR Group and Bain Capital.
The move caused the company to carry billions of dollars in debt, leading to a series of events that eventually led to a liquidation motion.
MGA Entertainment, which makes Bratz dolls and small Tikes toys, and other unnamed investors have personally committed $0. 2 billion through agofund, which aims to save Toys R & R.
The goal is to raise $1 billion for the acquisition of all or part of the toys fighting city assets through bankruptcy proceedings, according to a statement by billionaire Isaac Juan.
According to the statement, in addition to the initial donation, Larian also promised to make a 10% gain from small Tikes purchases from Thursday to the end of the crowdfunding campaign.
"If there is no toy fight city, I don't think there is a toy business," Larian said . ".
"There is nothing better than the joy and awe of a child walking up the aisle of the toy fight city store.
I want to keep this innocent experience for future generations.
We can't sit back and let it go.
Everyone should be the child of a toy fight city.
"Amy Walter, a spokeswoman for toy fight city, told AFP that she knew about the sport, but added that the company would not comment on it.