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Charles P. Lazarus Founder of Toys “R” Us Dies at Age 94

Charles P. Lazarus Founder of Toys “R” Us Dies at Age 94

Charles Philip Lazarus, the founder of Toys “R” Us has died at the age of 94.  His death came just days from Toys “R” Us announced its plans to liquidate all its stores in United States.  The toy giant had also filed for Chapter 11 bankruptcy in September 2017.  In mid-2005, Toys “R” Us was purchased by a group of investors and had saddled the company with heavy debts.

“ Charles P. Lazarus Founder of Toys “R” Us Dies at Age 94 “

Charles Philip Lazarus founded Toys “R” Us, the global toy giant in 1957 almost 70 years ago in Washington D.C. in United States.  It grew into a global toy retail chain with thousands of stores, dominating toys sales with deep discounts.  The “R” was returned to face the other way, to make it seems like a child has written it.  He retired as CEO and Chairman in 1994, and remained as Chairman Emeritus until 2017.

Charles P. Lazarus was born in 1923 in Washington in United States.  He is survived by his wife, Joan Lazarus, and two daughters.

Sources: Toys R Us, NY Times, Time

 

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About ToysRUs

ToysRUs, Inc. is relentlessly striving to be the best toy and baby retail company for the world. It has solidified its position by offering a differentiated shopping experience through its family of brands. Today, merchandise is sold in 875 ToysRUs and Babies“RUs stores in the United States, Puerto Rico and Guam, and in more than 765 international storesand more than 245 licensed stores in 37 countries and jurisdictions. With e-commerce sites including Toysrus.com and Babiesrus.com, the company provides shoppers with a broad online selection. In addition, the company is committed to serving its communities as a caring and reputable neighbor.

Visit: ToysRUs

 


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