SoftBank's Fortress offers $1.5b to buy Japanese department store Sogo & Seibu

SoftBank's Fortress offers $1.5b to buy Japanese department store Sogo & Seibu

Photo by jun rong loo on Unsplash

Softbank-owned Fortress Investment Group has offered around 200 billion yen ($1.48 billion) to buy Japanese department store unit Sogo & Seibu from parent Seven & i Holdings, Nikkei reported on Sunday, citing sources.