In 2004, the Industrial Revitalization Corporation of Japan (IRCJ) was given the task of restructuring Daiei, one of Japan's largest retailers and most prominent companies in the country of zombies. IRCJ was government sponsored organization funded with 50 billion yen in capital and 10 trillion yen of government guaranteed funds. Daiei IRCJ presented with a unique opportunity to demonstrate the effectiveness of its restructuring strategy which will require significant write-offs of bank debt Daiei, substantially closing stores and reducing the labor force, and relatively new private capital to help change and revive Daiei retail operations. Overcoming these obstacles large and visible companies like Daiei be an important achievement for IRCJ. But failure will also have far-reaching consequences. "Hide
by Richard S. Ruback Source: Harvard Business School 11 pages. Publication Date: November 17, 2008. Prod. #: 209060-PDF-ENG
Related Case Solutions & Analyses:
Wal-Mart China: Sustainable Operations Strategy
Competition and Collaboration in the PC Industry: The Evolution of a Value Chain (C)
Introduction to Supply Chain Management
Newfoundland Centre for the Arts
Filenes Basement
ABBs Relays Business: Building and Managing a Global Matrix
The Transformation of Mudo
Running head: gopro inc. Marketing report
Microsoft Server & Tools (B)
Why You Should Care about the Target Data Breach
