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Toys "R" Us Founder, Former CEO Dies At 94

Charles Lazarus, who founded Toys "R" Us 70 years ago, died Thursday, a week after the company announced it will be forced to shut down its U.S. operations. Lazarus, 94, no longer held a stake in the chain. He started the company in 1948 when he was 25, anticipating that the post-war baby boom would create demand for baby supplies and toys. He remained CEO until 1994.

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