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DAIEI, INC., THE
Company Information

2-2-20, Toyo
Koto-Ku, Tokyo, 135-0016 Japan
+81-363887100
http://www.daiei.co.jp

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DAIEI, INC., THE Company Profile

Japan's economic woes put The Daiei on a diet. The company (whose name is pronounced die-ay) and its subsidiaries operated more than 3,000 supermarkets, department stores, and specialty shops. Other operations include food processing and distribution, property management, and credit card services. Daiei, which diversified haphazardly during the 1980s, came close to bankruptcy due to massive debts and failure to innovate. New management worked to stem losses and closed about 2,000 retail outlets, struggling to revive the business. To help remake the retailing giant, trading company Marubeni partnered with supermarket giant AEON in 2006. Ownership changed in 2014, with competitor AEON taking a majority stake.