The FAO Schwarz toy store in midtown Manhattan will close in July because of rising rents, leaving the 153-year-old brand without a retail outlet.
May 18, 2015 at 09:00 AM
1 minute read
The FAO Schwarz toy store in midtown Manhattan will close in July because of rising rents, leaving the 153-year-old brand without a retail outlet.
Toys R Us Inc., which owns the store in the heart of Fifth Avenue across from the Plaza Hotel, said it’s looking for another Manhattan location for the shop. A new outlet could open in late 2016, a person familiar with the situation said.
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