AEON and Wal-Mart have submitted separate proposals to Marubeni regarding a tie-up with struggling retail chain Daiei, a report by the Kyodo News Agency has suggested.

Marubeni, Daiei’s largest shareholder, reportedly intends to sell between 10% and 15% of its 44.6% stake in the company to another experienced retailer who would be able to help in the recovery of the chain.

Neither Aeon or Wal-Mart were available for comment when contacted by just-food.