![]() Lazarus challenged Kaplan's deathbed claim, saying it lacked any true intention to divorce him. The day before she died, Kaplan notified her husband by handwritten letter that she was exercising a provision in their marital agreement entitling her to $20 million should either declare an intent to divorce. His second marriage, to psychiatrist Helen Singer Kaplan, founder of the Human Sexuality Program at the Payne Whitney Clinic in New York, made headlines upon her 1995 death from cancer at 66. But he remained involved in the company as chairman emeritus, making a visit to the Toys “R” Us headquarters in Wayne, N.J., as recently as last year. Lazarus stepped down as chief executive and chairman in March 1994. His understanding of a child’s mind-set helped him amass a considerable fortune he owned a Fifth Avenue duplex in Manhattan, which was sold for $21 million in 2013. 4, 1923, in Washington and raised there, Charles Philip Lazarus was inspired to open his own retail business after helping his parents, Frank and Phoebe, run a bicycle shop. He opened his first store dedicated exclusively to toys in 1957 and called it Toys “R” Us (though he turned the “R” around to face the other way to make it look as if a child had written it).īorn on Oct. Lazarus opened his first store, Children’s Bargain Town, which sold furniture, in 1948, seeking to cash in on the post-World War II baby boom. The closings announced last week could result in more than 30,000 employees’ losing their jobs. Lazarus’s death comes one week after Toys “R” Us announced that it would start liquidating its stores in the United States. Lazarus, who founded Toys “R” Us, the toy store chain that for decades captured the hearts of American consumers but that eventually faded and succumbed to bankruptcy, died on Thursday Ma.
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