Seven & I Holdings announced Monday that Toshifumi Suzuki, the company’s former chairman, passed away on May 18 at 93 years old.
Suzuki earned recognition as the pioneer behind Japan’s convenience store sector when he founded Seven-Eleven Japan in 1973. His leadership in developing the franchise business model fundamentally changed how Japan’s retail industry operated.
The business executive’s innovations in convenience retail helped reshape the commercial landscape throughout Japan during his career.
