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Masatoshi Ito, the billionaire Japanese businessman who made 7-Eleven convenience stores a cultural and consumer staple of the island nation, died last week. He was 98.
According to an announcement from Ito’s company, Seven & i Holdings, the honorary chairman died of old age.
„We would like to express our deepest gratitude for your kindness during his lifetime,“ the firm’s statement read.
Previously called Ito-Yokado, the company opened the first location of the American retail chain in Japan in 1974.
