• Kyodo


Seven & I Holdings Co. is considering selling its department store unit Sogo & Seibu Co. due to slumping business amid the coronavirus pandemic and increased competition with online shopping operators, sources close to the matter said Monday.

The plan emerged as ValueAct Capital, a U.S. investment company with a 4.4% stake in Seven & I, is stepping up pressure on the retailer to sell the department store business.

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