Struggling Japanese retailer Daiei will reportedly not seek restructuring help from a state-backed agency.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


The company, which is Japan’s third-largest supermarket chain and a potential takeover target for US retail giant Wal-Mart, will cooperate with the Industrial Revitalisation Corp of Japan (IRCJ) but would seek financial help elsewhere, Reuters reported citing sources.


Daiei has until Tuesday to decide whether it needs the IRCJ’s help. Some of the company’s main creditors had called for the company to accept assistance from the state-backed agency.

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now