Seven and I Holdings to sell department store chain

Date : 10 November 2022

Soo-Eng Tan

Senior Analyst

Seven and I Holdings, which operates 7-Eleven, is selling its department store chain Sogo & Seibu to US fund Fortress for US$1.4 bn. Struggling department stores Sogo & Seibu was acquired by Seven & I in 2006. Since 2007, the department store's network has fallen from 28 to 10. Although the…
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