Posted on Mar 15, 2023
Masatoshi Ito, who brought 7-Eleven convenience stores to Japan, has died
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https://www.npr.org/2023/03/14/ [login to see] /masatoshi-ito-7-eleven-japan-died
Masatoshi Ito, the billionaire Japanese businessman who made 7-Eleven convenience stores a cultural and consumer staple of the island nation, died last week. He was 98.
According to an announcement from Ito's company, Seven & i Holdings, the honorary chairman died of old age.
"We would like to express our deepest gratitude for your kindness during his lifetime," the firm's statement read.
Masatoshi Ito, the billionaire Japanese businessman who made 7-Eleven convenience stores a cultural and consumer staple of the island nation, died last week. He was 98.
According to an announcement from Ito's company, Seven & i Holdings, the honorary chairman died of old age.
"We would like to express our deepest gratitude for your kindness during his lifetime," the firm's statement read.
Masatoshi Ito, who brought 7-Eleven convenience stores to Japan, has died
Posted from npr.org
Japan
Culture
Posted 1 y ago
Responses: 4
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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PO1 William "Chip" Nagel good day Brother William, always informational and of the most interesting. Thanks for sharing, have a blessed day!
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PO1 William "Chip" Nagel
..."At the time of his death, Ito was honorary chairman of Seven & i Holdings, which has nearly 80,000 stores in 19 countries and nearly $80 billion in annual revenue. In last year's Japan's 50 Richest list, Ito was ranked No. 8 with a net worth of $4.35 billion, just behind Rakuten founder Hiroshi Mikitani.
Ito brought the 7-Eleven concept to Japan in 1973 through an agreement with its Dallas-based operator Southland. In 1991, his Ito-Yokado, eventually Seven & i, took a majority stake in Southland, fully acquiring it in 2005.
The company also runs Denny's restaurants in Japan and owns department stores, supermarkets, and financial services firms."
..."At the time of his death, Ito was honorary chairman of Seven & i Holdings, which has nearly 80,000 stores in 19 countries and nearly $80 billion in annual revenue. In last year's Japan's 50 Richest list, Ito was ranked No. 8 with a net worth of $4.35 billion, just behind Rakuten founder Hiroshi Mikitani.
Ito brought the 7-Eleven concept to Japan in 1973 through an agreement with its Dallas-based operator Southland. In 1991, his Ito-Yokado, eventually Seven & i, took a majority stake in Southland, fully acquiring it in 2005.
The company also runs Denny's restaurants in Japan and owns department stores, supermarkets, and financial services firms."
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