PPIH announced that it will acquire Toys“R”Us Japan's Japanese business, including its stores and online sales operations, and aims to retain as many employees as possible. The business transfer is scheduled for October 30.
Pan Pacific International Holdings (PPIH) announced the acquisition of Toys“R”Us Japan, while PPIH subsidiary Operation Shared Services (OSS) entered into a sponsorship agreement. Under the agreement, PPIH will acquire Toys“R”Us Japan's stores and online sales business and plans to retain as many employees as possible. The business transfer is scheduled for October 30.
Toys“R”Us Japan currently operates 156 stores across 45 prefectures, excluding Yamanashi and Shimane. Through the acquisition, PPIH aims to acquire new customer segments, including children and families, and expand its business scope, with a view to increasing lifetime value.