Yodobashi Holdings Co., Ltd., a major consumer electronics retailer, has announced plans to open a store in the acquisition of Sogo/Seibu by an American investment fund.
Of the 10 stores nationwide, we plan to open 3 stores in Tokyo and Ikebukuro.
Regarding Sogo / Seibu, the parent company Seven & i Holdings decided to sell it to an investment fund in the United States, and Yodobashi Holdings is participating in the acquisition of stores as a partner of the fund.
According to people involved, Yodobashi's store opening plan calls for three of Sogo and Seibu's 10 stores nationwide to be home appliance mass retailers.
Of these, the Seibu Ikebukuro Main Store plans to turn most of the floor on the north side of the building into a home appliance mass retailer.
However, there are voices from the locals against opening a store on the first floor where foreign luxury brands are located, so we plan to proceed with adjustments.
In addition, the Sogo Chiba store will open in the Junnukan on the east side, and the Seibu Shibuya store is also aiming to open some stores.
On the other hand, we do not plan to open stores in the other seven stores, including the Seibu Fukui store, which will be the only department store in Fukui Prefecture.
The investment amount will be around 300 billion yen. Yodobashi will not acquire shares or dispatch directors, and will not be involved in the management of the department store. We are making adjustments between