Masatoshi Ito, Founder of Japan Retailer Ito-Yokado, Dies at 98
- Billionaire businessman built retail empire behind 7-Eleven
- Expanded small family-owned clothier into Ito-Yokado
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Masatoshi Ito, the billionaire who expanded a small family-owned shop into one of Japan’s largest retailers and took 7-Eleven convenience stores global, has died. He was 98.
He died on March 10, the company said in a statement Monday, confirming earlier reports by local media.