The right start to acquire FAO Schwarz. (News Watch).
Home Textiles Today, January, 2002
Calabasas, Calif. -- Specialty retailer The Right Start has agreed to acquire the name of FAO Schwarz and 23 of the specialty toy retailer's stores, including its flagship Fifth Avenue location in New York. The deal is expected to take Right Start's annual revenue to about $650 million.
As part of the noncash deal, Right Start will also acquire FAO's Internet and catalog operations from Royal Vendex KBB. The Right Start has agreed to issue preferred stock convertible into five million common shares and an $18 million, four-year note. Royal Vendex will end up owning about 14% of Right Start's stock on a fully diluted basis. The company will also assume about $10 million in FAO's liabilities. Right Start, which was started in 1985 as a...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Research and Markets: Top Chinese Information Technology Outsourcing Vendors, Black Book Survey 2009 Results
- Sanofi-aventis Video Q&A : CEO Chris Viehbacher Comments on 2009 Full-Year Earnings
- CSR creates the industry’s first audio processor with Bluetooth connectivity for handsets
- CSR connectivity platform powers the latest Sharp handset
- Samson Oil & Gas Advises on the Gene #1-22H Well Progress
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FHM Features Anna Benson, Baseball's Hottest Wife
- Building a DNA database: the federal government has just enacted two bills related to DNA. The first would drive the collection of DNA from all infants. The second would attempt to prevent the DNA that is collected from being misused
- America's most wanted j-o-b-s - 10 hottest employment opportunities
- Developmental sequence in small groups
