TOKYO -- 7-Eleven operator Seven & i Holdings is set to sell off its struggling Sogo & Seibu department store chains to U.S.-based investment fund Fortress Investment Group for 200 billion yen ($1.38 billion) or more, Nikkei has learned.
Business deals
7-Eleven parent to sell Sogo & Seibu for $1.38bn to U.S. fund
Fortress to buy department stores in which partner Yodobashi hopes to open units
7-Eleven operator Seven & i Holdings is selling off its Sogo & Seibu department store chains to U.S.-based investment fund Fortress Investment Group.
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