Mosaic in Ginza will close down. The H2O Retailing retail operation has been evicted and will cease operations by September 2012.
The eviction although not unforeseen as H2O Retailing has had about two years notice will at least award H2O Retailing 6 billion yen in consolation profit.
The land which is owned by Tokyu Land will be turned into office space and retail stores.
Mosaic in Ginza built in 1956 was the predecessor of Hankyu Department Store. Sales as of March 2010 were 5 billion yen.
Information H2o Retailing Corp. & Nikkei