FAO Schwarz In Trouble--Again

I've been reporting about the troubles at toy seller FAO Schwarz for over a year now. Well, unfortunately, things are not getting better in toyland.

I reported in February about the very sad FAO Schwarz store closings in FAO Schwarz, The Demise of a Legend. I also discussed FAO emerging from bankrkuptcy in April. Today, however, we get the sad news that FAO is again in serious financial trouble, and in default on a loan--find out more in the Philadelphia Business's Journal report, Toy-store company FAO in default.