• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.

Sogo & Seibu will be sold to Fortress Investment Group by Seven & I Holdings

Skylar Williams

Nov 11, 2022 15:50

20.png


According to news published on Friday, Seven & I Holdings Co Ltd has decided to sell its Sogo & Seibu department store company to Fortress Investment Group of the United States.


Seven & I, the operator of 7-Eleven convenience stores and the Speedway gas station chain in the United States, has been under pressure from ValueAct Capital to execute structural reforms and dispose of assets.


During an unusual meeting on Friday morning, the company's board of directors decided to sell Sogo & Seibu, and a spokesman said that details would be disclosed in the afternoon.


According to people familiar with the matter, the purchaser was a SoftBank Group Corp.-controlled fund. According to one of them, the transaction's price and other parameters are still being finalized.


This Monday, the Nikkei newspaper reported that Seven & I would sell its struggling department store division to Fortress for 200 billion yen (about $1.4 billion).


SoftBank did not respond quickly to a request for comment. Fortress did not immediately respond to a comment request after U.S. business hours.


According to the Nikkei, Yodobashi Holdings is expected to invest in the arrangement and establish outlets inside Sogo & Seibu locations.


Representatives of Yodobashi were not immediately reachable for comment.


Seven & I shares rose 0.6% in Tokyo trading, compared to the Nikkei index's 2.7% gain.