ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

7-Eleven parent to sell Sogo & Seibu department store business

Seven & i Holdings eyes breakup deal under U.S. activist pressure

Seven &i's Seibu & Sogo department store unit has struggled to deal with the growing popularity of online shopping. Activist investors say this has hurt the parent's share value. (Source photo by Nikkei)

TOKYO -- Japanese retailer Seven & i Holdings is in final negotiations to sell its struggling department store unit, Sogo & Seibu, Nikkei has learned, to focus on expanding its overseas convenience store business.

The operator of the 7-Eleven chain of convenience stores has begun talks to sell its department store unit, according to sources familiar with the matter. Several investment funds and companies are expected to be among the potential buyers.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more