F.A.O. Schwarz was sold by Christiana Cos.
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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.
