Toys R Us' founder has died just one week after the company announced plans to close or sell all of its US stores
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- Charles Lazarus, founder of Toys R Us, died on Thursday.
- Lazarus stepped down as CEO in 1994 and served as chairman for four years after.
- He did not have a stake in the business at the time of his death.
Charles Lazarus, the founder of Toys R Us, died on Thursday in Manhattan, Bloomberg reported, a week after the company announced it would be shutting down or selling all of its stores in the US. He was 94.
Lazarus opened the first Toys R Us store in 1957. He had been running a baby-furniture store since 1948. Toys R Us became the first retailer to mass-merchandise toys at discount prices, according to Entrepreneur.See the rest of the story at Business Insider
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