On Dec 12, 1955, Louis Marx was on the cover of Time magazine, the subject of a story that called him the Toy King. Twenty seven short years later, Louis Marx died in his home, aged 86. The same day, a bankruptcy court ruled that his factory in Glen Dale, West Virginia, had to close for good. Marx and his company died on the same day. Why did Marx Toys close? And why so suddenly?
There were several reasons. I don’t think it was any one thing, but rather, several things that led to another, and the cascade brought Louis Marx’s empire down.
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