A US investment fund is set to buy the chain
of Japanese department stores known as So Go and Seibu
. Despite opposition from employees, Japan's seven and holding
company is selling the chain to us investment fund,
Fortress Investment Group for a proposed$1.5 billion. The
company says the sale will be complete tomorrow. About
900 of the store's unionized employees went on strike before
today's announcement seven and I is also the parent company
of the convenience store chain, 7-Eleven.