is a Japanese billionaire businessman.
Career
Ito is the owner, founder, and honorary chairman of $30 billion (sales)
Ito-Yokado
is a Japanese general merchandise and department store, originally founded in 1920. In 2005, it was reorganized, as part of a corporate restructuring, as a subsidiary of the Seven & I Holdings Co.
As of March 2013, there are 178 Ito-Yokado ...
retailing group, the second largest retailing organization in the world, which includes more than 10,000
7-Eleven
7-Eleven, Inc., stylized as 7-ELEVE, is a multinational chain of retail convenience stores, headquartered in Dallas, Texas. The chain was founded in 1927 as an ice house storefront in Dallas. It was named Tote'm Stores between 1928 and 1946. A ...
s in Japan and the US. Ito built the company from a small apparel store in Tokyo, into a corporation with annual revenues of more than $28 billion and a labor force of more than 125,000. The Ito-Yokado Group includes more than 10,000 7-Eleven stores in Japan and 5,800 in North America, along with 1,000 other stores—department stores, restaurants, specialty shops, supermarkets, and superstores. Ito-Yokado is also the Japanese franchisee for Oshman's sporting goods stores, Robinson's department stores, and Denny's restaurants. The company has begun opening superstores in China.
Peter F. Drucker and Masatoshi Ito Graduate School of Management
Ito has been a significant supporter of the
, with an initial $3 million gift to help build the school's current home, and a subsequent $20 million gift. His son, Junro, earned his MBA at the Drucker School in 1989 and is active in the Drucker alumni association in Japan.
Personal life
Masatoshi Ito is married and has 3 children.
References
{{DEFAULTSORT:Ito, Masatoshi
Businesspeople in retailing
1924 births
Living people
Japanese billionaires
20th-century Japanese businesspeople
21st-century Japanese businesspeople
ja:イトーヨーカ堂#創業の歴史