1/19/01

KB Toys sold

Don Davis , Editor in Chief

KB Toys Chief Executive Officer Michael L. Glazer and Bain Capital Inc., a global private equity firm, have bought KB Toys from Consolidated Stores Corp. KB Toys is the mall-based and online specialty toy retailer. Consolidated Stores announced plan to divest KB Toys in June 2000 and signed a letter of intent in mid-November with Bain Capital. The approximate $300 million transaction encompasses all KB Toys divisions including KB Toys, KB Toy Works, KB Toy Outlet, KB Toy Liquidators, KB Toy Express, and the online retailing operation, KBkids.com.

Topics:

Bain Capital, Big Lots, United States

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