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Softbank's Fortress offers $1.5 billion to buy Japan's Sogo & Seibu - Nikkei

Channel News Asia LogoChannel News Asia1 mo ago

Softbank's Fortress offers $1.5 billion to buy Japan's Sogo & Seibu - Nikkei

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:Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings, Nikkei reported on Sunday, citing sources.

Fortress Investment did not respond to a Reuters request for comment outside U.S.business hours.

Fortress is considering having Yodobashi run its store within the Seibu department in Ikebukuro, Tokyo, according to Nikkei.


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Article Details

Category: Economy

Topics: Japanese Fortress Seven Stores Sogo Nikkei Offers Investment Seibu

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-03, 10:35:49

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 346 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 27064

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About Channel News Asia

Channel News Asia Logo

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #27

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