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Reorganized KB taps TRU talent.(KB Toys appoints Greg Staley from Toys "R" Us Inc.)
PITTSFIELD, MASS. -- After more than 18 months in Chapter 11 bankruptcy protection, KB Toys is preparing to emerge as a fully reorganized company with new ownership and new top management. And when it does--creditors have until Aug. 12 to vote on the plan, followed by a confirmation hearing Aug. 18--its ceo of the last 10 years, Michael Glazer, will resign and be replaced by Greg Staley, a former top merchant from Toys "R" Us.
The change is part of the new strategy of Prentice Capital Management, which received approval from a bankruptcy court on July 15 for a reorganization plan that will give the company 90% of KB Toys' common stock and all its preferred stock, in …
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- KB Toys files for bankruptcy.
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Newspaper article from: The Daily Deal
January 15, 2004
700+ words
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- KB toys sees potential in supermarket play.(Brief Article)
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Magazine article from: Boston Business Journal
Goodison, Donna L.
December 7, 2001
700+ words
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- DIP Dimensions: KB Toys Inc.
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Newspaper article from: The Daily Deal
January 29, 2004
700+ words
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- KB Toys to open 600 seasonal stores at Sears.
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Newspaper article from: DSN Retailing Today
Desjardins, Doug
October 27, 2003
700+ words
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- Shaw to buy KB Toys' Web business.
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Newspaper article from: The Daily Deal
April 28, 2004
700+ words
