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TOKYO, Feb 4(AFP): Japanese electronics giant Sony Corp. is to spin off four non-core group firms, including popular importer-retailer Sony Plaza Co., news reports said Saturday.
The reports came as Sony has embarked on drastic changes to the group as it reported a record profit for the December quarter in a sign of a possible turnaround.
Sony is in the final stage of talks with investment funds and other firms over selling shares in Sony Plaza Co., cosmetics maker B and C Laboratories Inc., French-restaurant chain Maxim's de Paris Corp., and mail order firm Sony Family Club, the Nihon Keizai Shimbun said, without citing sources.
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