• SHARE

NAGOYA (Kyodo) An investment fund led by bureaucrat-turned-financier Yoshiaki Murakami suggested department store chain Matsuzakaya Co. fire all full-time employees and close some stores, sources said Thursday.

The Murakami Fund, as it is known, made the informal pitch after taking a 5.46 percent stake in Matsuzakaya last year, becoming its top shareholder, the sources said.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW