Sogo & Seibu to leave current Tokyo headquarters to cut costs

Department store operator slims down ahead of sale

Ikebukuro Sogo

Sogo & Seibu will move its headquarters into the Seibu Ikebukuro store in Tokyo. (Photo by Harue Matsushima)

KEIICHI FURUKAWA, Nikkei staff writer

TOKYO -- Sogo & Seibu, the struggling department store unit of Japanese retailer Seven & i Holdings, will move its headquarters back to its flagship store in Tokyo's Ikebukuro district this spring.

The move out of its current headquarters at the Mitsubishi Estate-owned Nibancho Center Building in the capital's Yotsuya district will help the unit save on rent.

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