from today's Nikkei

2007年07月25日 09時58分43秒 | 新聞記事から
三越 伊勢丹と資本提携交渉へ 経営統合も視野 百貨店再編が加速
It was learned that a department store operator Mitsukoshi, domestically ranked the fourth-largest in the industry, likely will start the negotiation with Isetan, also ranked the fifth in the industry, for reaching a equity tie-up.It is said that management integration would be one of options. Giben the situation that all combined sales of the established department stores has been declining for the past 10 years in a row, realignment deal movement of department stores will surely get the momentum.

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