date:Apr 01, 2013
ggest retailer.
Aeon will presumably renovate aging Daiei outlets while expanding the supply of Aeons private-brand products.
The move follows an announcement earlier this month by Aeon that it will acquire midsize supermarket chain Peacock Stores Inc. from J. Front Retailing Co. for 30 billion.
We face severe business circumstances and fierce competition, (and) there are a lot of things we can do by making Daiei a subsidiary, Aeon President Motoya Okada said in a press conference in Tokyo, a