business news in context, analysis with attitude


  • The Wall Street Journal reports this morning that Wal-Mart may get help from Goldman Sachs Group in its quest to acquire the struggling Japanese retailer Daiei.

    Goldman Sachs already is advising Wal-Mart in its bid, but could step forward to actually invest in the venture.

    Daiei is Japan’s third largest supermarket chain, but it has accumulated debt of more than $9 billion (US). Wal-Mart is not alone in its interest in the company, but there are questions about how much foreign investment Japan’s Industrial Revitalization Corp. will allow.

    Wal-Mart already is a part owner of Seiyu, another Japanese retailer.

KC's View: