F.A.O. Schwarz was sold by Christiana Cos.
The New York retailer of children’s toys was sold to Philadelphia investment banker Peter C. Morse and to Schwarz President and Chief Executive Peter L. Harris, a former president of Gemco. The toy firm was purchased only last summer by San Diego-based Christiana for $10.6 million. Christiana has since been taken over by Dallas-based Western Savings Assn.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.