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Strike shuts to Japan store after Fortress buy

TOKYO: The shutters were down on one of Japan’s best-known department stores this week in the sector’s first strike for six decades, sparked by fears that its mooted new US owner will slash jobs. ....

Ryuichi Isaka , Michael Causton , Hiroyuki Minagawa , Yasuhiro Teraoka , Seibu Ikebukuro , Seibu Labor Union , I Holdings , Japan Department , Japanese Department , Chiba University , Susumu Aso , Bloomberg News , Daily Express ,

Japan's Sogo & Seibu department stores are being sold to a US fund as 900 workers go on strike

Japanese retailer Seven & i Holdings Co. is selling department store chain Sogo & Seibu Co. to a U.S. investment fund, even as the labor union went on strike ahead of the announcement Thursday. The transfer to Fortress Investment Group will be completed Friday, according to Seven & i Holdings. Separately, some of Sogo & Seibu’s debts, or nearly 92 billion yen ($630 million), will be forgiven, the company said in a statement. ....

Seibu Sogo , Yuri Kageyama , Sogo Seibu , I Holdings , Seibu Department , Sogo Seibu Labor Union , I Holdings Co , Sogo Seibu Co , Fortress Investment Group , Yodobashi Camera Co , Seibu Labor Union , Seveni Holdings , Seibu Department Store , Department Store Chain ,

Japan's Sogo & Seibu department stores are being sold t...

Japanese retailer Seven & i Holdings Co. is selling department store chain Sogo & Seibu Co. to a U.S. investment fund, as the labor union went on strike ahead of the announcement ....

Sogo Seibu , Yuri Kageyama , Seibu Sogo , Seibu Department , I Holdings , I Holdings Co , Sogo Seibu Co , Yodobashi Camera Co , Sogo Seibu Labor Union , Fortress Investment Group , Seibu Labor Union ,