RIP Masatoshi Ito, The Man Who Made 7-Eleven A Global Phenomenon

It was Masatoshi Ito who was responsible for making the franchising model so popular today.

The eighth-richest person in Japan was reported to have died of old age. Masatoshi Ito was 98. “We would like to express our deepest gratitude for your kindness during his lifetime.” announced the company, Seven & I Holdings.

Dubbed “The King Of Convenience Stores”, Masatoshi Ito paved the way for how retail stores would operate in the modern day. Consequently, he influenced consumer behaviour and the culture around convenience stores.

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