The Japan business of major toy retailer Toys“R”Us will be acquired by Pan Pacific International Holdings, which operates Don Quijote, with plans to take over all 150 stores in Japan. Total acquisition consideration could be around ¥10 billion.
Pan Pacific International Holdings (PPIH) is reportedly set to acquire the Japan business of major toy retailer Toys“R”Us and take over all 150 stores in Japan. Toys“R”Us Japan, operated by Toys“R”Us Japan, has recorded net losses for 8 consecutive fiscal years through the most recent period. The company is reportedly set to withdraw from operating Toys“R”Us Japan stores by year-end.
The total acquisition consideration could be around ¥10 billion, and PPIH is expected to take over all the stores in Japan. The stores covered number 150 nationwide, while details of the operating structure after the transfer will depend on future reports.