#580
Masatoshi Ito
Overview
- Source of Wealth
- retail
- Industry
- Fashion & Retail
- Residence
- Children
- 3
Assets
- Seven & I Holdings Co. Ltd.87,500,000 shares @ --3382-JP
Biography
Masatoshi Ito is honorary chairman of Japan's biggest retail group, Seven & i Holdings.
Seven & i Holdings has nearly 80,000 stores in 19 countries and nearly $80 billion in annual revenue in the past year.
The company is best known for its thousands of 7-Eleven convenience stores in Japan, the U.S. and China.
The company also runs Denny's restaurants in Japan and owns department stores, supermarkets, and financial services firms.
In August 2020, the company struck a $21 billion all-cash deal to buy Ohio-based Marathon Petroleum's Speedway gas stations.
About
Ito is Seven & i's largest shareholder but owns only a minority stake in the company.
The business was started as a clothing store named Myougaya in 1920.