BIG BOY: A giant department store group that will comprise the interests of Seibu and Sogo will emerge in June. Millennium Retailing Inc., a holding company, will be established June 1 and will control the 21-store Seibu Department Stores Ltd. and the 11-store Sogo Co., Shigeaki Wada, president of Sogo, who will head the group, announced in Tokyo last week. The new group will have combined sales of more than $8.8 billion, making it Japan’s second-largest department store group next to Takashimaya.

Seibu, which employs 6,200 people, posted sales of $5.05 billion last year. while Sogo, with 4,900 employees, reported sales of $3.8 billion.

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