Masatoshi Ito, the billionaire who made 7-Eleven a global giant, dies aged 98
Japanese billionaire Masatoshi Ito, who helped turn 7-Eleven convenience stores into a global business empire, has died aged 98."We would like to express our sincere gratitude to him for his kindness during his lifetime," the firm said.
In 1956, Mr Ito took over a small Tokyo apparel store business that had been run by his uncle then half-brother. Around the same time, an executive at Ito-Yokado, Toshifumi Suzuki, spotted a 7-Eleven store during a visit to the US. "I am frequently asked if I succeeded because of hard work or because I was just lucky. Actually the answer is some of both," Mr Ito"I was fortunate to have started out in business right after the war - the same time that a broad-based consumer society was beginning to develop in Japan."
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