Japanese billionaire Masatoshi Ito, who helped turn 7-Eleven convenience stores into a global business empire, has died aged 98.
He died last Friday from old age, operator Seven & i Holdings said in a statement. “We would like to express our sincere gratitude to him for his kindness during his lifetime,” the firm said.
There are more than 83,000 7-Eleven stores around the world, with a quarter of them located in Japan.
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NAM Implications:
- A great business model, well executed.
- Attending various 7-11 store openings throughout SE Asia…
- …I found them to be a memorable and lasting experience.
- A great loss…
