Top Japanese supermarket chain Daiei is selling its majority stake in Lawson, the country's number two convenience store chain, in a bid to tackle spiralling debts. Daiei has been talking to a number of companies, including Mitsubishi. The technology giant is reportedly keen to gain a controlling stake in Lawson after developing close links with the chain through its recent initiative to sell books, computer games and CDs on WAP phones which customers can collect at Lawson stores (The Grocer, October 14, p14). Mitsubishi has a 20% stake in Lawson, and just over a third of Daiei's 35% stockholding would give it majority control. Daiei has also pulled the plug on its marketing venture with Time Warner and plans to sell off hotels and other non core activities. {{NEWS }}