Wal-Mart plan to join the gathering of companies offering to rescue Japan’s third-largest supermarket chain, Daiei.
Wal-Mart’s offer of assistance would be in competition with other offers, including Tokyo-based Phoenix Capital, which has said it would buy 250bn yen ($2.3bn) of new Daiei shares, according to media reports.
The US supermarket retailer is to present is revival plan to the Industrial Revitalization Corp. of Japan (IRCJ) within a week.
Wal-Mart’s offer of assistance would be in competition with other offers, including Tokyo-based Phoenix Capital, which has said it would buy 250bn yen ($2.3bn) of new Daiei shares, according to media reports.
The US supermarket retailer is to present is revival plan to the Industrial Revitalization Corp. of Japan (IRCJ) within a week.
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