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in Japan and the US. Itō built the company from a small apparel store in Tokyo, into a corporation with annual revenues of more than $ 28 billion and a labour force of more than 125,000. The Ito-Yokado Group includes more than 10,000 7-Eleven stores in Japan and 5,800 in North
America, along with
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Itō was the owner, founder and honorary chairman of the $ 30 billion (in sales) Ito-Yokado retailing group, the second largest retailing organization in the world, which includes more than 10,000
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before returning to work at his parents' shop. Following the death of his brother in 1956, Itō took over Yokado, which was then a clothing shop. He soon renamed the company
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1,000 other stores, department stores, restaurants, specialty shops, supermarkets and superstores. Ito-Yokado was also the
Japanese franchisee for
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shop named Yokado. After finishing high school, Itō had a short stint in the
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In 1992, Itō resigned as president of Ito-Yokado following allegations his staff made payments to the
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at the
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Itō was married and had three children. He died on 10 March 2023, at the age of 98.
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Itō was born in Tokyo on 30 April 1924. His parents, Senzo and Yuki Itō, operated a
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Asia's wealth club: who's really who in business- the top 100 billionaires in Asia
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362:"Masatoshi Ito, billionaire who made 7-Eleven a global giant, dies at 98"
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334:"Ito-Yokado and Seven-Eleven Japan founder Masatoshi Ito dies at 98"
309:"Masatoshi Ito, 98, the King of Convenience Stores in Japan, Dies"
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restaurants. The company has begun opening superstores in China.
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Peter F. Drucker and
Masatoshi Ito Graduate School of Management
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Peter F. Drucker and
Masatoshi Ito Graduate School of Management
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Seven & i
Holdings Honorary Chairman Masatoshi Ito Dies
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393:. London: Nicholas Brealey Pub. pp. 202–203.
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287:References
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