Masatoshi Ito, Japanese billionaire behind the rise of 7-Eleven, dies at 98 | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98

, closing the chapter on one of Asia’s most storied retail entrepreneurs. Seven & I Holdings\n \n , operator of 7-Eleven, confirmed the death in a statement on Monday, adding that Ito died from old age on March 10. “We would like to express our deepest gratitude for your kindness and friendship during his life and respectfully inform you of his passing,” the company said.

“It then occurred to me that people in different cultures still have basically the same desires, assuming that they are at the same of development, and I thought that Japan’s distribution system would become more like America’s as the Japanese consumer society grew bigger.” The rise of 7-Eleven The convenience store chain traces its origin to 1927, when several icehouse companies merged to form the Southland Ice Company in Dallas, Texas.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The hot dogs there are so good. Thank you so much Mr. Masatoshi Ito and rest in peace.

In my neighbourhood, there are five 7/11 stores. I think one is enough.

Rest In Paradise

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Streets Market posts liquor license placard at the old Seven Eleven space on P Street - PoPville2617 P Street, NW The liquor license placard for Streets Market says: 'A new Retailer's Class 'B' Full-Service Grocery Store with a Tasting Permit Endorsement.' Stay tuned.
Source: PoPville - 🏆 435. / 53 Read more »