Toys 'R' Us acquires FAO Schwarz, Macy's boutiques to end
Toys "R" Us Inc. has acquired upscale toy retailer FAO Schwarz from investment firm D.E. Shaw Group. Under the terms of the deal, FAO Schwarz's arrangement with Macy's for FAO Schwarz toy boutiques inside up to 300 Macy's stores will end in November of this year, according to a company spokesperson. That arrangement was announced last fall.
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