Founder of Toys“R”Us dies aged 94

Charles Lazarus, the founder of Toys“R”Us - the children's toy retailer - has died aged 94, one week after his

company announced it was closing its doors

. His family said he died of respiratory failure. Lazarus began selling toys in 1957 in large supermarket-style shops after he returned from World War II military service. He once said, "toys are a great kind of thing to sell, because they don't last that long". His death comes after the company announced it would close all US and UK shops and seek bankruptcy protection.