Toys R Us to Exit Store Operations in Japan, PPIH to Acquire About 150 Stores

時事通信··JP·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

Toys R Us, the major toy retailer, has decided to withdraw from store operations in Japan, it was learned on the 30th. Pan Pacific International Holdings, which operates the discount chain Don Quijote, is expected to acquire the business. The operating company, Toys R Us Japan, currently runs about 150 stores nationwide, including Toys R Us outlets and the baby goods specialty chain Babies R Us, and PPIH is expected to take over the domestic business, including the stores. In response to an interview request, PPIH said it has nothing it can comment on.

Impact on assets 1

Consumer Staples▲ · 1 stocks

Off-coverage companies 2

Toys R Us Japan (日本トイザらス)Private▼ Negative
Capitalrelevance

Toys R Us Japan's ~150 stores are being taken over by PPIH as the operating company exits the domestic business.

Toys "R" UsPrivate▼ Negative
Capitalrelevance

Toys R Us is withdrawing from store operations in Japan, exiting its domestic retail business.