Pressure from creditor banks has forced debt-ridden retailer Daiei Inc. into deciding to seek help from the Industrial Revitalization Corp. of Japan, officials said Wednesday.
"I've just informed the minister that we will use the IRCJ," Daiei President Kunio Takagi told reporters after meeting with Shoichi Nakagawa, minister of economy, trade and industry.
Nakagawa said he wants to "honor Daiei's judgment as a private company."
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.