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February 16, 2018

FAO Schwarz sets its sights on China

NEW YORK (AP) — FAO Schwarz, whose famous New York store closed more than two years ago, is setting its sights on China as part of an expansion begun late last year.

The toy retailer said Thursday it will open locations in Beijing and Shanghai this year through a collaboration with China's largest toy distributor, Kidsland. Kidsland will also open 30 smaller FAO Schwarz stores and shops in 200 department stores across China over the next five years.


 
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