Fortress to buy Sogo & Seibu from Japan's Seven & i
Seven & i Holdings, a Japanese retail conglomerate best known as the parent company of 7-Eleven, has agreed to sell department store operator Sogo & Seibu to Fortress Investment Group.
The sale comes in the wake of pressure from activist investor ValueAct Capital, which built up a 4.4% position in Seven & i in 2020 and began pushing for change. It claims that 7-Eleven could achieve a...
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