By  on July 26, 2007

TOKYO — Reflecting a major shake-up going on in the Japanese department store sector, Mitsukoshi, the fourth largest, has begun talks with Isetan, the fifth largest, to form a capital tie-up that could lead to a merger or management integration, according to sources.

The Mitsukoshi-Isetan link, if it materializes, would create Japan's largest department store group, with total sales of 1.58 trillion yen, or $13.2 billion at current exchange.

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