NewsNational News


Toys R Us founder Charles Lazarus dies as stores prepare to close for good

Posted at 2:07 PM, Mar 22, 2018

Charles Lazarus, who founded Toys "R" Us 70 years ago, died Monday, a week after the company announced it will be forced to shut down its U.S. operations.

Lazarus, 94, no longer had any ownership position in the chain. He started the company as a 25-year old in 1948, anticipating that the post-war baby boom would create demand for baby supplies and toys. He stayed on as CEO until 1994.

™ & © 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved.