Masatoshi Ito

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Masatoshi Itō (伊藤 雅俊, Itō Masatoshi, born 1924) is a Japanese billionaire businessman.

Career[]

Ito is the owner, founder, and honorary chairman of $30 billion (sales) Ito-Yokado retailing group, the second largest retailing organization in the world, which includes more than 10,000 7-Elevens 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.^{[citation needed]}

Peter F. Drucker and Masatoshi Ito Graduate School of Management[]

Ito has been a significant supporter of the Peter F. Drucker and Masatoshi Ito Graduate School of Management, with an initial $3 million gift to help build the school's current home, and a subsequent $20 million gift.^{[citation needed]} His son, Junro, earned his MBA at the Drucker School in 1989 and is active in the Drucker alumni association in Japan.^{[citation needed]}

Personal life[]

Masatoshi Ito is married and has 3 children.^[1]

References[]