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Search resuls for: "Masatoshi Ito"


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☆ Japanese operator of 7-Eleven rejects merger offer worth billions from Circle K owner
  + stars: | 2024-09-06 | by ( Juliana Liu | ) edition.cnn.com   time to read: +3 min
Hong Kong CNN —The operator of 7-Eleven has rejected an opening offer from the owner of convenience store rival Circle K, indicating the bid was too low and that its global business was worth more. In a statement Friday, Tokyo-based Seven & I Holdings, which owns 7-Eleven, said it was “open” to “sincerely consider” any proposal that is in the best interests of its shareholders. The Financial Times reported on Thursday that Seven & I was open to the possibility of a higher offer from its suitor. Shares in Seven & I have rallied since the news of the offer broke last month, pushing its market value above $38 billion. Although 7-Eleven traces its origins to Dallas, Texas, it was the late Japanese entrepreneur Masatoshi Ito who is credited with turning it into a ubiquitous global brand.
Persons: “, Alimentation, Masatoshi Ito, Ito Organizations: Hong Kong CNN, Holdings, Reuters, The Financial Times, Analysts, Speedway, Marathon Petroleum Locations: Hong Kong, Tokyo, Japan, North America, Europe, United States, Dallas , Texas
☆ Masatoshi Ito, Who Built Retailer That Took Over 7-Eleven, Dies at 98
  + stars: | 2023-03-16 | by ( Chieko Tsuneoka | ) www.wsj.com   time to read: 1 min
The company built by Masatoshi Ito, known today as Seven & i Holdings, controls the global 7-Eleven business. TOKYO—Masatoshi Ito’s retail career started in 1946 at a 71-square-foot family shop in Tokyo that sold knitted underwear in the bombed-out Japanese capital. By the time he died at 98 years old on March 10, the company built by Mr. Ito controlled the global 7-Eleven convenience-store business and was one of Japan’s biggest retailers.
☆ Masatoshi Ito, Japanese billionaire behind the rise of 7-Eleven, dies at 98
  + stars: | 2023-03-14 | by ( Kathleen Magramo Moeri Karasawa | Kathleen Magramo | Moeri Karasawa | ) edition.cnn.com   time to read: +4 min
Hong Kong/Tokyo CNN —Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98, closing the chapter on one of Asia’s most storied retail entrepreneurs. A 7-Eleven convenience store in Japan's Kanagawa Prefecture, on January 9, 2023. So, how did 7-Eleven become synonymous with the Japanese convenience store culture as we know it today? He renamed the company Ito Yokado and started running the business like a US supermarket. Ito Yokado was renamed Seven & I Holdings in 2005, and Ito remained its honorary chairman until his death.
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