Masatoshi Ito built a Japanese retail empire known as Seven & I Holdings. He started his career with a family clothing store and later founded Ito-Yokado Holdings. The Seven & I stores open 24 hours a day every single day of the year. They sell everything.
Seven-Eleven outgrew its parent company Southland and Ito purchased controlling shares effectively making it a Japanese company.
By 1980s, Ito-Yokado Holdings had already become a large business empire with 4,000 7-Elevens, super stores, chain of restaurants and department stores with annual sales revenue of $12 billion.
The Ito siblings have a net worth of $4 billion. The family owns Seven & I Holdings which was founded by the late Masatoshi Ito. This is a retailing giant with global operations.
The founder died in March 2023 at the age 98. The Seven & I Holdings operates an excess of 85,000 stores in 19 countries. They generate $75 billion in annual revenues.
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They operate thousands of stores in Japan, China and United States of America.
The company also owns Denny’s restaurants in Japan, financial services firms as well as supermarkets.
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