Printemps Doha is the largest luxury department store in the Middle East as well as the second largest Printemps store worldwide, after the boulevard Haussmann flagship in Paris.

Chengdu SKP, owned by luxury retailer Beijing Hualian Group, is the third SKP project in China after Beijing and Xi’an.

Under the terms of the transaction, Seven & i will transfer its outstanding Sogo & Seibu shares to a special purpose company owned by Fortress. The transaction is expected to close in the first quarter of 2023.