Masatoshi Ito, Ito-Yokado and Seven-Eleven Japan founder, dies at 98

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Kyodo News

Masatoshi Ito, the honorary chairman of Seven & i Holdings Co. and founder of the Ito-Yokado supermarket and the Seven-Eleven Japan convenience store chain, has died, the retail group said Monday. He was 98. Ito, widely credited for starting Japan’s first full-blown convenience store chain operations, died Friday morning, and his funeral was held privately by his family, according to the company. Ito started to work at his family-run clothing store Yokado in Tokyo after a stint at what is now Mitsubishi Materials Corp. and serving in the military during World War II. He set up the predecessor …

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