Retailer Iwataya to seek 28 bil. yen debt waiver

FUKUOKA, Japan - Fukuoka-based Iwataya Department Store Co. (photo), announces on Feb. 26 a three-year rehabilitation plan, under which it will seek a debt waiver of about 28 billion yen from its main creditor banks and will aim to restructure under the umbrella of major department store chain operator Isetan Co.

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