7-Eleven parent looking to sell Sogo & Seibu to US fund Fortress Group for $1.38b

7-Eleven parent looking to sell Sogo & Seibu to US fund Fortress Group for $1.38b

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.

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