In the year 2004, the Industrial Revitalization Corporation of Japan (IRCJ) was given the job of restructuring Daiei, one of the greatest Japanese retailers and the country’s most dominant zombie firms. The IRCJ was a administration sponsored group that was financed with 10 trillion Yen of government guaranteed funds and 50 billion Yen in equity capital.
Daiei presented the IRCJ with an unique opportunity to demonstrate the effectiveness of its restructuring strategy which would require a significant write down of Daiei’s bank debts, large store closures and workforce reductions, and adequate new private equity capital to help reposition and revitalize Daiei’s retail businesses. Overcoming these hurdles in a visible and big business like Daiei would be an important accomplishment for the IRCJ. But, failure overly would have far reaching impacts.
PUBLICATION DATE: November 17, 2008 PRODUCT #: 209060-HCB-ENG
The Restructuring of Daiei Case Study SolutionThis is just an excerpt. This case is about ORGANIZATIONAL DEVELOPMENT
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