Carrefour Japan Co., the Japanese unit of major French retailer Carrefour, has canceled plans to set up shop in the failed Sogo Co.’s department store in Tokyo’s Sumida Ward, industry officials said Thursday.

Carrefour had been planning to start operations in the Sumida Ward building that previously housed the Kinshicho Sogo, but was unable to reach an agreement on matters such as rent with Nippon Life Insurance Co., which owns about 60 percent of the land and building, the officials said.

Carrefour Japan has thus far opened three stores in Japan — in Makuhari, Chiba Prefecture; Machida, western Tokyo; and Izumi, Osaka Prefecture.

The officials said Nippon Life Insurance is now negotiating with several other companies also seeking to take tenancy in the building.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.