Seven & i Holdings Co. said Friday it plans to sell its struggling department store unit Sogo & Seibu Co. to U.S.-based investment fund Fortress Investment Group LLC for around 250 billion yen ($1.73 billion). Fortress said it will revamp the operator of Sogo and Seibu department stores by teaming up with electrical appliances retailer Yodobashi Camera Co. A plan is under consideration to make Yodobashi a major tenant for the department stores, according to sources familiar with the matter. Sogo & Seibu, which runs a total of 10 stores in the Tokyo metropolitan area and a few other regions, ha...
