Trading house Marubeni Corp, the largest stakeholder in beleaguered retailer Daiei Inc., has appointed Toru Nishimi to succeed Yasuyuki Higuchi as Daiei CEO.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


Nishimi is currently a corporate senior vice president at Marubeni, and will take up the post at Daiei as of 1 September.


It was reported yesterday (22 August) that Higuchi is to step down in October for undisclosed reasons.


Marubeni became the top shareholder of Daiei earlier this month, increasing its stake to 44.6% through the purchase of shares from the Industrial Revitalisation Corporation of Japan (IRCJ), a state-backed bailout body.


 

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

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