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Following the departure of co-founder Andy Levy, the role of CEO was assumed by Jon Levy until 2019 and by Sarah Jordan until 2023. Previously, Jordan had been a
Principal at The Boston Consulting Group and Senior Vice President of Customer Experience and Omni Channel Strategy at Scotiabank.
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In
December, 2023, it was announced that Unity Acquisitions Inc. had entered a deal to purchase 48 of the stores, and close 18 of them starting in 2024. A month later, it was announced that the transaction had been completed.
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Mastermind
Educational began offering complimentary in-store gift wrapping with a custom wrap designed in-house. Proving successful, the chain began to expand.
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for home computers. The following year, a second shop called "Mastermind
Educational" was opened with an expanded selection of toys, books and games.
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https://www.linkedin.com/posts/frank-zita_im-excited-to-announce-that-i-have-accepted-activity-7063848721498734592-n1Bf/?trk=public_profile_like_view
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In 1984, the Levy brothers opened "Mastermind: The
Educational Computer Store" as a 300-square-foot shop in Toronto, Ontario, Canada that sold
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In
November, 2023, it filed for creditor protection, citing tough competition, a difficult economic climate, and impacts from the
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The first store (300 square feet) opened in 1984 and the second opened in 1985. Through the 1990s, 10 locations across the
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After Jordan was fired on May 8, 2023, Frank Zita was appointed its
President and Chief Merchant. Meanwhile,
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On
January 15, 2024, Unity Acquisitions Inc. announced that it had completed the acquisition of the company.
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627:"Mastermind Toys files for creditor protection, seeks court permission to close 'initial group' of stores"
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652:"Mastermind Toys to be acquired — but these 18 stores will still be liquidated | Globalnews.ca"
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466:"Mastermind Toys ramps up expansion even as Toys "R" Us flounders | CBC News"
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590:"Mastermind Toys Appoints New CEO Amid Strategy Shift [Exclusive]"
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were established and in 1997 its website mastermindtoys.com launched.
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490:"Unity Acquisitions Inc. completes acquistion of Mastermind Toys"
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In 2005, two years before opening its eleventh store in the
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Kartik Rathod, Joe Mimram, Frank
Rocchetti, David Lui
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422:contrasted the firm to its main competitors,
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106:Learn how and when to remove this message
698:Companies based in Scarborough, Ontario
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703:Retail companies established in 1984
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139:Mastermind Toys in Oakville, ON
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728:2024 mergers and acquisitions
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305:Unity Acquisitions Inc.
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545:www.mastermindtoys.com
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180:Mastermind Educational
517:"Certain toys are us"
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390:educational software
40:improve this article
317:Number of employees
256:Number of locations
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596:. 10 February 2020
564:Toys, Mastermind.
521:The Globe and Mail
419:The Globe and Mail
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96:November 2019
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659:. Retrieved
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633:. 2023-11-24
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241:Headquarters
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38:Please help
33:verification
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656:Global News
541:"Our Story"
424:Toys "R" Us
367:Scarborough
295:(1984–2010)
266:Area served
213:Scarborough
692:Categories
661:2023-12-04
637:2023-11-24
575:2021-03-26
566:"About Us"
550:2020-06-03
526:2018-06-10
499:2024-02-21
475:2021-03-26
449:References
356:trading as
278:Key people
147:Trade name
66:newspapers
600:8 October
363:toy store
301:(2010–24)
230:Andy Levy
189:Toy store
175:Traded as
219:, Canada
185:Industry
157:Formerly
631:CTVNews
432:big-box
428:Walmart
384:History
375:Ontario
371:Toronto
326:Website
271:Canada
249:Ontario
245:Toronto
224:Founder
217:Ontario
203: (
195:Founded
80:scholar
168:Retail
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287:Owner
87:JSTOR
73:books
602:2020
426:and
335:.com
205:1984
198:1984
59:news
470:CBC
407:GTA
400:GTA
331:www
321:800
211:in
42:by
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
