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NEWS
February 14, 2003
Tim Willert The Brand Boulevard toy store Zany Brainy has closed its doors, but it might have to leave one of its pricey gifts behind. The educational toy retailer closed its Glendale store last month. Now, Glendale Development Services Director Jeanne Armstrong is saying the company might have forfeited a portion of the city's rent subsidy. "They may not have met the conditions of their agreement for the last quarter or couple of months," Armstrong said Thursday.
NEWS
May 19, 2001
Alex Coolman DOWNTOWN -- The parent company of the Brand Boulevard educational toy store Zany Brainy -- which has its rent subsidized by the city -- filed for Chapter 11 bankruptcy protection this week. Chapter 11 bankruptcy allows a debtor to restructure debts under court supervision. A spokeswoman said the company does not have any immediate plans to close stores. Zany Brainy's financial trouble are a hitch in the city's redevelopment plans for Brand Boulevard.
NEWS
November 18, 2002
Gretchen Hoffman The city will have invested nearly $250,000 in Zany Brainy by the time it shuts the doors to its downtown Glendale location, but city officials who pushed for a rent subsidy for the educational toy store still consider it money well spent. Zany Brainy officials, citing "soft" sales and a steep rent increase, are liquidating the inventory of the store at 201 N. Brand Blvd. and say the store will probably remain open through the holiday season.
NEWS
April 27, 2000
Claudia Peschiutta DOWNTOWN -- Things are about to get a little zany for one toy retailer. Zany Brainy Inc. and Noodle Kidoodle Inc. announced their merger this week. The move adds 59 toy stores to the 104 Zany Brainy has throughout the nation. "Because both companies champion similar values, this partnership is a natural fit," Keith C. Spurgeon, Zany Brainy chairman and CEO, released in a statement. "We consider this a great opportunity for our customers, employees and shareholders."
NEWS
August 20, 2001
Tim Willert DOWNTOWN -- A Calabasas-based children's retailer has agreed to acquire the struggling parent company of Brand Boulevard educational toy store Zany Brainy. The Right Start Inc., a specialty retailer of developmental, educational and care products for infants and children through 4, overbid a Los Angeles-based private investment firm in U.S. Bankruptcy court, a Zany Brainy spokeswoman said Friday. The company will acquire substantially all of Zany Brainy's assets, including $115 million in cash, inventory and accounts receivable for $11.7 million in cash, $85 million in the assumption of liabilities and the issuance of 1.1 million shares of The Right Start common stock, said Jerry R. Welch, The Right Start's chairman and chief executive officer.
NEWS
October 24, 2002
Gretchen Hoffman Zany Brainy executives say it's a no-brainer: Faced with "soft" sales and a steep rent increase, the Glendale location of the educational toy store is shutting its doors for good. Merchandise prices in the downtown store have been reduced 10% to 30%, and refunds and exchanges no longer are available. Store manager Joe Borges declined to say when the store's last day will be, but he anticipates it will be open through the holiday season.
NEWS
January 18, 2003
FAO Inc., the parent company of educational toy store Zany Brainy, announced recently it has filed for Chapter 11 bankruptcy protection. Employees and customers should not see any difference in operations at its ongoing stores as a result of the filing, according to a news release. FAO Inc. owns and operates FAO Schwarz, The Right Start and Zany Brainy. The company acquired Zany Brainy Inc. for $115 million in August 2001 after Zany Brainy filed Chapter 11 bankruptcy.
NEWS
January 10, 2002
Tim Willert DOWNTOWN -- The Right Start, Inc., which aquired Brand Boulevard toy retailer Zany Brainy over the summer, has announced it has completed its purchase of FAO Schwartz. FAO Schwartz is a nationwide toy chain with a store in the Glendale Galleria. In November it was reported the Galleria store would be one of 18 FAO Schwartz stores closed as part of the acquisition. It was unclear Tuesday how long it would remain open. The Right Start, based in Calabasas, acquired Zany Brainy Inc. for $115 million in August after Zany Brainy filed Chapter 11 bankruptcy.
NEWS
July 14, 2001
Tim Willert DOWNTOWN -- A Los Angeles investment firm has agreed to bail out the struggling parent company of Brand Boulevard educational toy store Zany Brainy. Waterton Management LLC announced Wednesday that it has agreed to provide $115 million in financing so Zany Brainy can reorganize its business operations and emerge from bankruptcy. Zany Brainy Inc., which operates 187 stores in 34 states, filed for Chapter 11 bankruptcy protection in May, claiming $200 million in assets and $130 million in liabilities.
ARTICLES BY DATE
NEWS
By JUNE CASAGRANDE | September 12, 2007
“Would either of you like this?” a woman asked, brandishing a magazine at my friend and me as we sat by the pool at the Golden Nugget in Las Vegas. “I’m finished. I’m just going to throw it out.” Her intentions, no doubt, were innocent. But when I saw what was in her hand, her actions seemed more like an affront. It was a “People” magazine. “No thanks,” I said. “Someone might see me.” In an instant, her posture, her voice, her facial expression changed.
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NEWS
April 11, 2003
Ryan Carter The high-profile corner business space formerly leased by Zany Brainy soon will be occupied by a Salvation Army resale shop. The thrift store will move from its 5,000-square-foot shop at 216 S. Brand Blvd. into the 11,000-square-foot space at 201 N. Brand Blvd. in late May or early June, officials said. The deal includes a five-year lease with an option to renew after five years. The North Brand space has been vacant for two months, and city officials had hoped a nationally known retailer would move in. To Realtor Scott Schwartz, that's exactly what happened.
NEWS
March 5, 2003
The vacant 10,500-square-foot retail space at the corner of Brand Boulevard and Wilson Avenue soon will be home to a new tenant, apparently. A local Realtor told the News-Press last week that negotiations are underway with a national retailer to open a store in the space formerly occupied by Zany Brainy. Beyond that, though, details are sketchy. Citing the confidentiality needed to successfully conduct such negotiations, the Realtor couldn't reveal more about the future tenant, other than to say he hoped the deal would be closed in the next four to six weeks.
NEWS
March 1, 2003
Ryan Carter A Realtor for the 10,500-square-foot office space vacated by Zany Brainy says a retailer has been tapped for the new space. But just who it is will have to be a mystery, for now. "We have a tenant, but we're in the middle of negotiating a lease agreement," said Scott Schwartz, with Spencer-Scott Real Estate Group. "It's too early to say anything more about it until it's done." Schwartz told the News-Press last month several retailers were interested in the space, which is on the first floor of the old Woolworth's building and below the News-Press offices on the corner of Wilson Avenue and Brand Boulevard.
NEWS
February 14, 2003
Tim Willert The Brand Boulevard toy store Zany Brainy has closed its doors, but it might have to leave one of its pricey gifts behind. The educational toy retailer closed its Glendale store last month. Now, Glendale Development Services Director Jeanne Armstrong is saying the company might have forfeited a portion of the city's rent subsidy. "They may not have met the conditions of their agreement for the last quarter or couple of months," Armstrong said Thursday.
NEWS
January 25, 2003
Zany Brainy closing its doors Monday DOWNTOWN -- Only three days remain for shoppers hoping to get last-minute bargains at Zany Brainy on Brand Boulevard. The educational toy store will close its doors for good Monday because of financial difficulties. Officials have said the store faced "soft" sales and a steep rent increase, prompting it to close down. Items still for sale are marked 80% to 90% down from original prices. The retailer opened in May 1999 at 201 N. Brand Blvd.
NEWS
January 18, 2003
FAO Inc., the parent company of educational toy store Zany Brainy, announced recently it has filed for Chapter 11 bankruptcy protection. Employees and customers should not see any difference in operations at its ongoing stores as a result of the filing, according to a news release. FAO Inc. owns and operates FAO Schwarz, The Right Start and Zany Brainy. The company acquired Zany Brainy Inc. for $115 million in August 2001 after Zany Brainy filed Chapter 11 bankruptcy.
NEWS
November 18, 2002
Gretchen Hoffman The city will have invested nearly $250,000 in Zany Brainy by the time it shuts the doors to its downtown Glendale location, but city officials who pushed for a rent subsidy for the educational toy store still consider it money well spent. Zany Brainy officials, citing "soft" sales and a steep rent increase, are liquidating the inventory of the store at 201 N. Brand Blvd. and say the store will probably remain open through the holiday season.
NEWS
October 24, 2002
Gretchen Hoffman Zany Brainy executives say it's a no-brainer: Faced with "soft" sales and a steep rent increase, the Glendale location of the educational toy store is shutting its doors for good. Merchandise prices in the downtown store have been reduced 10% to 30%, and refunds and exchanges no longer are available. Store manager Joe Borges declined to say when the store's last day will be, but he anticipates it will be open through the holiday season.
NEWS
January 10, 2002
Tim Willert DOWNTOWN -- The Right Start, Inc., which aquired Brand Boulevard toy retailer Zany Brainy over the summer, has announced it has completed its purchase of FAO Schwartz. FAO Schwartz is a nationwide toy chain with a store in the Glendale Galleria. In November it was reported the Galleria store would be one of 18 FAO Schwartz stores closed as part of the acquisition. It was unclear Tuesday how long it would remain open. The Right Start, based in Calabasas, acquired Zany Brainy Inc. for $115 million in August after Zany Brainy filed Chapter 11 bankruptcy.
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