Masatoshi Ito, founder and honorary chairman of Ito-Yokado, who laid a solid foundation for Seven & I Holdings, died on March 10 at the age of 98.Masatoshi Ito was one of the generals in his lifetimesupermarket7-11 for the world.
JapanThe Keizai Shimbun reported that Masatoshi Ito was born in Tokyo. After graduating from Yokohama Municipal Commercial College (now Yokohama City University), he worked for Mitsubishi Mining (now Mitsubishi Materials). After that, he, his mother and elder brother re-established the foreign goods shop “Yokado” which was their ancestral business. Yokado (now Ito Yokado) was established in 1958. In addition to York Seven (currently 7-Eleven Japan), the family restaurant “Denny’s” has also opened in Japan. He is one of the representative operators of the post-war Japanese distribution industry, having the same reputation as the founder of Daii Nakauchi and others.
In 1992, he resigned because of the “Society House” incident and handed over the position of president of Ito Yokado to Suzuki Toshifumi. Following the establishment of Seven and i Holdings in 2005, Masatoshi Ito, as founder, has provided support for the operations of Seven and i Holdings, which has grown into a global retail enterprise. After Ito Yokado and others developed into large-scale chain enterprises, Ito Masatoshi still attaches great importance to the mentality of businessmen and has always been the spiritual pillar of employees.
Masatoshi Ito also served as president of the Japan Chain Store Association and made efforts to revive the distribution industry.
International (translate to tag) Japanese (T) Supermarket