Pan Pacific International Holdings Corporation has embarked on the acquisition of Toys"R"Us Japan as part of its expansion strategy. Following the application for protection under the Civil Rehabilitation Act, it is expected to proceed with a rehabilitation plan.
PPIH has incorporated the acquisition of a specialty toy retailer into its supermarket business, making its expansion strategy clear. The acquisition of Olympic Group was reported in July, and it has now begun work on the acquisition of Toys"R"Us Japan.
Toys"R"Us Japan applied for protection under the Civil Rehabilitation Act, and following its business failure, the company is moving forward with a rehabilitation plan. PPIH appears to be seeking to bring the toy business into its operations as part of that plan.
Toys"R"Us is regarded as having reached a historic turning point in the development of large-format stores in the Japanese market, with the history surrounding store-opening restrictions cited as part of the background.