|
Daiei sells Lawson shares to Mitsubishi Japanese Daiei continues to cut debts by selling shares Daiei continues to sell assets to cut debts
|
Daiei signals that it may
be in trouble
Japan's largest retail store company Daiei is in a shaky situation. Earlier this week, its share prices fell with almost one third and its debt rating was downgraded to junk. Supported by large banks, the company is struggling against low sales and deflation pressures. Some months ago, it tried to generate funds trough selling shares in its profitable convenience store chain Lawson. It has also sold the Printemps department store in Tokyo's prestigious Ginza district.
|
