The FAO Schwarz brand, which was sold to Toys ‘R’ Us eight years ago, changed hands again this week when the name was purchased by a California toy manufacturer. The new owner, ThreeSixty Group, makes licensed toys for Discovery Kids, Animal Planet, Sharper Image and other retailers. Plans call for a new line of FAO Schwarz toys to debut at “select retailers” next fall, with a possible brick-and-mortar store to replace the iconic Manhattan location that closed last year. For more on ThreeSixty Group’s plans for FAO Schwarz, click here.
