Japanese Entrepreneurs, Biography, Masatoshi Ito, Seven & I Holdings, Born in 1913

Masatoshi Ito was a Japanese entrepreneur and the founder of Seven & I Holdings, born in 1913.

After graduating college in 1936, he founded a grocery store in Osaka and by 1940 he established a chain of stores.

In 1961, he opened the first Ito-Yokado department store and in 1969 the company was listed on the Tokyo Stock Exchange.

In 1973, Ito founded Seven-Eleven Japan and by 2005, the company had over 11,000 stores throughout the country.

In 2005, Ito stepped down from his position as chairman of Seven & I Holdings and was subsequently awarded the Order of Culture from the Japanese government.

In 2008, Ito passed away at the age of 94.

Throughout his business career, Ito was known for his innovative and forward-thinking leadership which enabled him to build a successful retail empire.

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