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FAO Schwarz Parent Files for Chapter 11
FAO (FAOO Quote), the parent company of toy retailer FAO Schwarz, has filed for reorganization in a Chapter 11 bankruptcy proceeding.
The King of Prussia, Pa.-based company, which also operates the Zany Brainy and The Right Start chains, plans to continue operating its stores through the bankruptcy process, FAO said in a statement on Monday. FAO hopes to emerge from bankruptcy by the second quarter, the company said. ...
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