Troubled Japanese retailer Daiei has said it is not in talks with French retail giant Carrefour about a possible business link-up.


The comment follows a report in Sunday’s Asahi Shimbun newspaper claiming the two retailers were in negotiations regarding a business tie-up that could involve joint purchases of products and joint operation of stores in Japan.


“We are not in tie-up talks with Carrefour,” a Daiei spokesman told Reuters. A Carrefour spokeswoman, meanwhile, declined to comment on the report.


Carrefour did not have an easy time when it entered the Japanese market three years ago. Analysts have said Carrefour, which now has four Japanese stores, lacked a local partner in Japan.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.