J.Front Retailing <3086.T>: Says a Tokyo-based department store wholly owned subsidiary will merge with an Osaka-based real estate lease wholly owned subsidiary on Sep. 1 .Says the Tokyo-based subsidiary will remain and the Osaka-based subsidiary will dissolve after merger.
Hangzhou Jiebai Group Co Ltd:Says company to transfer part of assets and liabilities to wholly-owned unit, a commercial company, to adjust and refine operating structure.Says assets and liabilities to be transferred are valued at 1.15 billion yuan and 387.9 million yuan respectively.
Matsuya Co Ltd:Says to merge a wholly owned Tokyo-based subsidiary that engaged in management and brokerage business of wedding place, banquet place and meeting place.Says subsidiary to be dissolved after merger.Planned effective July 1.
Isetan Mitsukoshi Holdings Ltd:Says to transfer investment business to a new wholly owned subsidiary that established on Jan. 20 in Japan.Planned effective April 1.
Matsuya Co Ltd:Says its Tokyo-based subsidiary to transfer whole wedding business to the co's new subsidiary which to be established on April 1.
Macy's Inc:Says measures that will reduce sg&a expense by approximately $400 million.Says consolidating the grouping of existing macy's stores into five Regions and 47 local districts.Says reducing an additional 600 positions in back-office organizations.Company today listed 40 macy's store closings.Of the 40, 36 will be closed in early spring 2016.Approximately $200 million of charges, of which about $165 million is expected to be cash, are expected to be booked in Q4 of 2015.Average of 3 to 4 positions to be affected in macy's and bloomingdale's about 770 going-forward stores, for 3,000 affected associates nationwide.Approximately 35 percent of executive positions granted voluntary separation opportunity, will not be replaced.
Zhongxing Shenyang Commercial Building Group Co Ltd:To dissolve a wholly owned Fushun-based commerce subsidiary.
Aeon Co Ltd:To take over asset and debt from its wholly owned subsidiary The Daiei, Inc., effective on March 1, 2016.To transfer assets to its wholly owned subsidiary AEON RETAIL Co., Ltd., effective on March 1, 2016.