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Health
Joe Hernandez

Masatoshi Ito, who brought 7-Eleven convenience stores to Japan, has died

Japan 7Eleven ItoYokado
Seven & I Holdings Co. founder and honorary chairman Masatoshi Ito, right, attends the company's initiation ceremony for new employees in Tokyo, Japan, on March 13, 2014. (Bloomberg/Bloomberg via Getty Images)

Masatoshi Ito, the billionaire Japanese businessman who made 7-Eleven convenience stores a cultural and consumer staple of the island nation, died last week. He was 98.

According to an announcement from Ito's company, Seven & i Holdings, the honorary chairman died of old age.

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