Seven & i sells department stores to Fortress for estimated $600,000

TOKYO -- Japan's Seven & i Holdings said Friday that it has completed the sale of department store operator Sogo & Seibu to U.S.-based Fortress Investment Group, estimating the actual transfer price at 85 million yen ($582,000) after accounting for debts.

Seven & i sells department stores to Fortress for estimated $600,000

Read Next

Fortress to sell Sogo & Seibu assets to Japan retailer for $2bn

Japan's Seven & i decides to sell its department stores on Sept. 1

Seven & i to protect Japan department store's jobs after buyout

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

Don Quijote spearheads Japan's discount store boom in Asia

Japan's young urban rich drive department store sales

Latest on Business deals

Activist investor Palliser acquires 3% stake in Japan's Taiheiyo Cement

Yageo seeks growth in AI era with Shibaura acquisition

Japan's Orix to help broker maritime and shipbuilding M&A

Sponsored Content

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