Monday 12 February 2007

#185 Masatoshi Ito (Retail)



Name: Masatoshi Ito
Fortune: Self Made (Retail)
Net Worth: 3.6 Billion
Industry: Retailing
Billionaire World Rank: #185

Book:
The Heart of Doing Business - Memoirs of an Entrepreneur
Buy Now At Amazon.com

From Forbes:
"Honorary chairman of Ito-Yokado, one of Japan's biggest retailers, founded by his family in a seedy area of bombed-out Tokyo after World War II. Last September the superstore chain combined its three different retail chains into one new group, Seven & I Holdings, in part to help defend against takeovers. The $57 billion (combined market cap) group, which now ranks as Asia's largest retail chain, includes 11,103 Seven-Eleven Japans, 582 Denny's Japan and 181 Ito-Yokado supermarkets. The company, which is expanding its convenience store chain into China, also owns 7-Eleven in the U.S."

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