Seven & I says former chairman Toshifumi Suzuki dies at age of 93
Toshifumi Suzuki, outgoing chairman and Chief Executive Officer of Seven & i Holdings Co., waves as he leaves a news conference in Tokyo, Japan on April 7, 2016.
PHOTO: Reuters
TOKYO, May 25 (Reuters) - Seven & I Holdings said on Monday (May 25) that former chairman Toshifumi Suzuki died on May 18 at the age of 93.
Known as the father of Japan's convenience store industry, Suzuki set up Seven-Eleven Japan in 1973, and expanded the franchise model and transformed Japan's retail sector.
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