Toys “R” Us, Inc., today announced the appointment of Neil Friedman as president, Toys “R” Us, U.S. In his new position at Toys “R ”Us, Friedman will oversee all merchandising, marketing, store operations, merchandise presentation, global sourcing, and product development, as well as merchandise planning and allocation for the company’s 866 stores and online business in the United States. Friedman will report to Gerald L. Storch, chairman and CEO, Toys “R” Us, Inc.
It was just announced that Techno Source USA has joined the family of Li & Fung Limited, following a March 14, 2011 agreement under which LF Products has acquired the business assets of Techno Source USA, Inc. The Techno Source business will continue to operate under the management of founders Rich Migatz and Wayne Nathan, as well as Eric Levin, and provide a platform for Li & Fung to continue to build and expand its toy business globally.