Toys\u201dR\u201dUs Asia has announced an agreement to transfer its\nToys\u201dR\u201dUs-Japan, Ltd.\u00a0business to an affiliate of Pan Pacific\nInternational Holdings Corporation (PPIH). This strategic move is part\nof an ongoing civil rehabilitation process in Japan and aims to allow\nToys\u201dR\u201dUs Asia to focus on long-term growth opportunities in other Asian\nmarkets.<\/p>\n
Until the transaction is finalised, Toys\u201dR\u201dUs operations in Japan\nwill continue as usual, with stores, customer service, and product\nquality maintained at current standards. The company has stated that\nemployee support remains a priority during this transition, and they\nwill work closely with PPIH to ensure a smooth handover.<\/p>\n
The completion of the transaction is subject to customary closing\nconditions and necessary regulatory approvals. For Toys\u201dR\u201dUs Asia, the\ndeal ensures the continuity of the retail brand in Japan under new\nownership while leaving its operations in other Asian markets, such as\nChina, Malaysia, Singapore, Taiwan, and Thailand, unaffected.<\/p>\n
Adam Au and Johnny Mui, Acting Co-Chief Executive Officers of\nToys\u201dR\u201dUs Asia, expressed gratitude to customers and partners for their\nsupport in Japan. They noted that while Japan has been a vital part of\ntheir journey, this transaction marks a new chapter that allows the\ncompany to focus more intensely on expanding its presence across the\nrest of Asia, where it remains the exclusive operator of the iconic\nbrand.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/toys-1791003323", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }