Supermarket operator Daiei Inc has secured JPY140bn (US$1.19bn) in refinancing loans from four financial institutions, reported Reuters News Agency.
 
Japan’s third-biggest retailer will reportedly use the loans to repay the state-backed Industrial Revitalisation Corp as early as the end of next month.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


A report by the Kyodo News Agency on 5 September suggested that both Aeon and Wal-Mart have submitted separate proposals to Daiei’s largest shareholder, Marubeni, regarding a tie-up with the struggling Japanese chain.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now