• Kyodo


Supermarket chain Ito-Yokado Co. will set up a store in July at the former Sogo outlet here, an administrator for the failed department store chain said Wednesday.

Sogo Co. had been looking for a company to take over the only branch of its nine closed stores for which plans have yet to be made.

It will be the first time Ito-Yokado, based in Tokyo, has opened an outlet in Nara.

The administrator said it is hoped that approval to open the store will be obtained from landowners by Feb. 10.

Procedures for rehabilitating 13 of Sogo’s 22 outlets nationwide under the civil corporate revival law are expected to end Thursday, the administrator said.

In July 2000, Sogo asked a court to order its creditors to give up a major portion of claims on its debts in a rehabilitation bid.

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