|
|
Article: FAO Schwarz, Zany Brainy's Parent Company Files for Bankruptcy.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- January 14, 2003
CopyrightCOPYRIGHT 2003 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
By Jane M. Von Bergen, The Philadelphia Inquirer Knight Ridder/Tribune Business News
Jan. 14--Zany Brainy's parent company, FAO Inc., of King of Prussia, filed for bankruptcy yesterday, marking the second time in 20 months that Zany Brainy has made its way into bankruptcy court.
FAO operates Zany Brainy, Right Start and FAO Schwarz stores, Web sites and catalogs.
In theory, the amalgamation of FAO Schwarz, Zany Brainy and Right Start should have worked great: Tack one of the most respected names in toys (FAO Schwarz) onto a snazzy nationwide chain of stores (Zany Brainy), and then set up a partnership with an infant-product company (Right ...