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Daiei Stores Officially Don Quijote
/ref> Through the process of
Daiei carries multiple private label brands, and the biggest one they carry is Topvalu (トップバリュ) which started in 2007. Topvalu products are sold by ÆON Co., Ltd. and Daiei.
Daiei Official site
'' The New York Times'' * {{cite web, url=http://www.nccjapan.net/shashiwiki/index.php?title=Daiei_Kabushiki_Kaisha, title=Company history books (Shashi), publisher=Shashi Interest Group, date=April 2016 Wiki collection of bibliographic works on Daiei Retail companies established in 1957 Department stores of Japan Japanese supermarkets Supermarkets of Japan Japanese brands Companies based in Kobe Companies listed on the Tokyo Stock Exchange 1957 establishments in Japan
Kobe
Kobe ( , ; officially , ) is the capital city of Hyōgo Prefecture Japan. With a population around 1.5 million, Kobe is Japan's seventh-largest city and the third-largest port city after Tokyo and Yokohama. It is located in Kansai region, whic ...
, is one of the largest supermarket
A supermarket is a self-service Retail#Types of outlets, shop offering a wide variety of food, Drink, beverages and Household goods, household products, organized into sections. This kind of store is larger and has a wider selection than earli ...
chains in Japan. In 1957, Isao Nakauchi founded the chain in Osaka near Sembayashi Station on the Keihan train line. Daiei is now under a restructuring process supported by Marubeni Corporation and ÆON Co., Ltd., another Japanese supermarket chain. Daiei Inc. runs more than 3,000 stores under the Daiei name as well as through its subsidiaries.
In addition to groceries, Daiei is also a department store, selling electronics, home furnishings, and clothes. In terms of net sales, Daiei was formerly the largest retailer in Japan. However, total sales declined by nearly a quarter in the five years leading up to 2003.
History
The retail chain expanded rapidly in the 1970s and 1980s. Also, stronger sales from competitors such as Ito-Yokado, ÆON, and other regional supermarket chains have hurt Daiei's sales record in recent years. As a part of the series of bootstrap restructuring efforts to avoid filing for IRCJ ( Industrial Revitalization Corporation of Japan) support, the company sold its baseball team, the Fukuoka Daiei Hawks, which it purchased from Nankai Railway in 1988 to SoftBank, on January 27, 2005 and the company's Hawaii stores in 2006 to Don Quijote Co., Ltd./ref> Through the process of
debt restructuring
Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continue ...
and support given by financial institutions in coordination with IRCJ, the company has been acquired by IRCJ, Marubeni Corporation (a trading company) and Advantage Partners (a private equity house) in 2005.
Daiei's current President and CEO is Toru Nishimi, formerly an operating officer of Marubeni Corporation.
Private Brand
Daiei carries multiple private label brands, and the biggest one they carry is Topvalu (トップバリュ) which started in 2007. Topvalu products are sold by ÆON Co., Ltd. and Daiei.
See also
* Zombie company *OPA co. ltd.
is a Japanese clothing retail chain and a wholly owned subsidiary of Daiei. It operates clothing and fashion malls across Japan and recently opened a store in Shanghai.
History
Daiei's subsidiary Agora Daiei Co., Ltd. opened the 'Oriental ...
References
External links
Daiei Official site
'' The New York Times'' * {{cite web, url=http://www.nccjapan.net/shashiwiki/index.php?title=Daiei_Kabushiki_Kaisha, title=Company history books (Shashi), publisher=Shashi Interest Group, date=April 2016 Wiki collection of bibliographic works on Daiei Retail companies established in 1957 Department stores of Japan Japanese supermarkets Supermarkets of Japan Japanese brands Companies based in Kobe Companies listed on the Tokyo Stock Exchange 1957 establishments in Japan