Part 2: TWO Entrepreneurs died this year
We were in DC last month and I saw this man standing with the sign. He smiled and posed for me – and the reason i took the photo was because I realized this was a bit of history. Not the human holding a sign to bring in traffic – because that is a decades old idea. The historical moment had to do with the fact that Toys R Us could not salvage any of their stores (in March I heard they were trying to save about 200) but as of May 6th, 2018 (credit to Business Insider): “Toys R Us, just five months after filing for Chapter 11 bankruptcy protection, has a liquidation plan to close 735 of the remaining stores, with going-out-of-business sales now taking place at all of its US locations.” I only shopped there a handful of times over the years – but managed to have a bag in my little lot of plastic bags (I was
tossing recycling bags and saw it in there).
Also, some of us wondered if the closing of the stores led to the death of Charles Lazarus, the founder of Toys R Us because he died only a few days after the company announced it would close all US and UK shops and seek bankruptcy protection. Well, Lazarus was also 94 years old and so it was likely other factors too.
This reminded me of reading about IKEA’s founder, Ingvar Kamprad, when he died last January (article here).
For some reason, all of this was on my mind this week – two entrepreneurs who had huge businesses and both lived to almost 100 years of age!
However, one man’s company (Toys R Us) is being liquidated while the other is thriving (IKEA).
Today’s post is a little shout out to both of these businessmen:
Let’s end with two comics – because it is twos-day (I mean Tuesday).
And thanks to Nananoyz for this comic: