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According to the Washington Post, U.S. Department of Defense officials said the Department of Defense has ordered about 1,500 active duty military personnel to prepare for deployment to Minnesota.On January 18th, several members of the European Parliament stated on the 17th that the trade agreement reached between the US and Europe last July would not be approved due to US threats against Greenland. They also called for the use of anti-coercion tools in response to the US tariffs. Manfred Weber, chairman of the European Peoples Party (EPP), the largest group in the European Parliament, said in a statement that escalating tensions between the US and Europe mean the European Parliament will not support the agreement. Given the US threats against Greenland, the party cannot ratify the agreement at this stage, and the zero-tariff measures on relevant US products must be suspended.On January 18th, thousands of Danish residents held a demonstration in Copenhagen, the capital, on the 17th to protest the United States attempt to control Greenland. Some of the demonstrators were from mainland Denmark, while others were from Greenland. Around noon, the march began at Copenhagens City Hall Square and proceeded to the US Embassy in Denmark, about two kilometers away. The demonstrators held signs reading "Greenland Not for Sale" and "Americans, Get Out," chanting slogans to express the Danish peoples united stance against the USs attempt to seize the island.1. Russia says it hopes to resume the prisoner-of-war exchange process between Russia and Ukraine. 2. Zelensky: The Ukrainian delegation has arrived in the United States. 3. Zelensky orders the import of electricity and additional power equipment to be expedited as much as possible. 4. Zelensky: Energy repair work is underway in almost all regions of Ukraine. 5. Russian Ministry of Defense: Russian forces have taken control of Priluki in the Zaporizhzhia region of Ukraine. 6. The Russian Ministry of Defense reports that Russian forces have struck energy and transportation infrastructure used by the Ukrainian army, as well as temporary deployment points of the Ukrainian armed forces and foreign mercenaries.January 18 - As tensions continue in Minneapolis, Minnesotas largest city, Minnesota officials announced on the 17th that the states National Guard was on "standby." That day, pro-immigrant and anti-immigrant groups clashed in downtown Minneapolis.

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

Skylar Williams

Nov 11, 2022 15:50

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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.