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Story summary
- Pan Pacific International Holdings is preparing to acquire Japan's Toys R Us, which will cease operating its stores.
- Toys R Us runs about 150 Toys R Us and Babies R Us stores in Japan.
- The business employs roughly 6,000 workers, including part-time staff.
- The acquisition price is expected to be about ¥10 billion (?$63.5 million).
- The Japanese unit has posted consecutive net losses amid declining birthrate and rising online shopping.