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

Hong Kong/Tokyo CNN  —  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 (SVNDF), operator of 7-Eleven, confirmed the death in a statement on Monday, adding that Ito died from old … Read more

Masatoshi Ito, billionaire who made 7-Eleven a global giant, dies at 98

“In the early years of his relationship with Dr Drucker, the two would connect in America or Japan and spend long evenings discussing the world economy, the Japanese economy, and the direction in which Mr Ito should be planning,” according to the Drucker School of Management, that counts Mr Ito as a major donor. Source … Read more