A year after the death of the Big Three, it appears that the Kays and Kahn families have officially decided to end their partnership with Amazon.
Kays Entertainment Group, the company that owns Kays merchandisers, confirmed the news via a statement.
The announcement was made today by Kays’ corporate vice president of corporate affairs, Rob Klein.
Klein said that Kays has been in discussions with Amazon about the possibility of selling off Kays merchandise.
This would have been the first time Kays had sold its merchandises since the death in 2016 of the big three.
The announcement comes as Amazon’s stock is trading at a near-record high.
In 2016, Amazon’s market capitalization was around $10.6 billion.
Amazon, which has seen its stock rise in recent years, is a major beneficiary of the popularity of the Kanes’ merchandise.
The Kays were instrumental in building the Amazon Web Services, or AWS, platform that has become a cornerstone of the online retailer.
Kais Merchandise Co. is a subsidiary of Amazon, which operates its own online merchandizing platform, AmazonFresh, and is owned by the parent company, Jeff Bezos, who also owns The Washington Post, The Wall Street Journal, The New York Times and The Washington Business Journal.