Struggling Japanese retailer Daiei is reportedly planning to sell or shut down around 30 non-core group companied in a bid to cut debt.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


As part of a rehabilitation plan presented to creditor banks, Daiei plans to reduce its interest-bearing debt to ¥490bn (US$4.4bn) by 28 February 2006, from ¥1.07trn at the end of February 2004, reported AFX Asia, citing Japanese media.


Daiei currently has around 100 group companies in sectors such as leisure, department stores, service and sports.


The group is also believed to be planning to close around 20 unprofitable stores in its main supermarket chain.

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.