A U.S. investment fund is set to buy a chain of Japanese department stores.

<div class="block">A U.S. investment fund is set to buy a chain of Japanese department stores.</div>

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U.S. Firm Expected to Buy Japanese Store Chain

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.