The restructuring plan of failed supermarket chain Niko Niko Do Co could soon get a boost of between ¥7bn (US$53.9m) and ¥10bn from Japanese independent fund manager Schroder Ventures Co Ltd.

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Schroder, which is affiliated with British Schroder Ventures Ltd, said yesterday [Monday] that it is mulling sponsorship of the chain.


Niko Niko Do is due to elect its sponsor and form a restructuring plan by the end of this month. Other candidates for sponsorship are Japanese supermarket operators Sunny Co and Izumi Co.

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