Axios Pro Rata: Striking sale
Plus, marijuana insurance. | Thursday, August 31, 2023 Open in app View in browser Axios Pro Rata By Dan Primack · Aug 31, 2023 Top of the Morning Illustration: Aïda Amer/Axios Around 900 union workers at Japanese department store operator Sogo & Seibu went on strike today, protesting a pending acquisition by U.S. investment firm Fortress Investment Group. Why it matters: Labor disruptions in Japan have become rare, with fewer than two dozen strikes last year that lasted more than half a day. Also increasingly unusual are corporate acquisitions in which the buyer knows it's strongly opposed by the workforce, whether organized or not. The big picture: Sogo & Seibu has approximately 100,000 customers visit its flagship store each day. This the first strike in its history, and the fir...