Tokio Marine sells Barneys Japan stake to 7 Eleven parent
Tokio Marine Capital Partners has agreed to sell its 49.9% stake in luxury department store operator Barneys Japan to Seven & i Holdings, the parent of 7 Eleven convenience stores and department store operator Sogo & Seibu, for around JPY6 billion ($58 million).
Barneys - which sells imported designer fashion and other luxury items - has five main store locations in Japan: three in Tokyo, one in Osaka and one in Fukuoka. It also has five smaller outlets dotted...
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