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.

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