Japan department store braces for rare strike as U.S. buyout nears

Union warning to raise pressure over sale of Sogo & Seibu to Fortress Investment Group

20230826N Seibu department sore

The flagship Seibu store in Tokyo's Ikebukuro Station may be affected by a proposed strike. (Photo by Makoto Okada)

HIDEKI SHINOHARA, Nikkei staff writer

TOKYO -- A union representing department store workers in Japan plans to tell management on Monday it is ready to strike if talks on job protections break down.

The warning is aimed at Sogo & Seibu, whose parent Seven & i Holdings has agreed to sell it to U.S.-based investment fund Fortress Investment Group.

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