Toys ‘R’ Us Founder Dead A Week After Company Goes Under

Source: Cheryl Chenet / Getty

Toys “R” Us founder Charles Lazarus has passed away at the age 94 years old, just one week after the company announced it plans to shut down all U.S. operations. It’s quite possible Lazarus died of a broken heart.

As Just Jared reports, he started the company back in 1948 when he was just 25 years old “in anticipation of the baby boom” and remained CEO until 1994—only to see it closing down in 2018, of course.

The company said in a statement, ““There have been many sad moments for Toys ‘R’ Us in recent weeks, and none more heartbreaking than today’s news about the passing of our beloved founder. He visited us in New Jersey just last year, and we will forever be grateful for his positive energy, passion for the customer and love for children everywhere.”

READ MORE STORIES ON BLACKAMERICAWEB.COM:

• Toni Braxton Stuns On The December Cover Issue Of Harper’s Bazaar Vietnam
• Sanaa Lathan Shows Off Natural Hair Growth After Shaving It 3 Years Ago
• Fatal Shooting of Black Teen Roils Liberal Town in Oregon

GET THE HOTTEST STORIES STRAIGHT TO YOUR INBOX: 

Toys ‘R’ Us Founder Dead A Week After Company Goes Under  was originally published on globalgrind.com

The Ten Most Interesting Little Known Black History Facts

10 photos