Global Business
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| Google books | books.google.com |
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| Originally published | February 25, 2008 |
| Authors | Mike W. Peng |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2063556 |
About Global Business
A look at the latest developments in business, industry and organisations worldwide.
Cineworld screens stay open despite administration
... " Cineworld continues to operate its Global Business and cinemas as usual without interruption and this will not be affected by the entry of Cineworld Group plc into administration, " it said...
Debt ceiling: Janet Yellen warns US could run out of cash by 1 June
... A default - which would be the first in US history - could upend global financial markets and shatter trust in the US as a Global Business partner...
Masatoshi Ito, billionaire who made 7-Eleven a global giant, dies at 98
...By Annabelle LiangBusiness reporterJapanese billionaire Masatoshi Ito, who helped turn 7-Eleven convenience stores into a Global Business empire, has died aged 98...
Trump not first politician to be ditched by Rupert Murdoch
... Since Murdoch inherited Adelaide s The News 70 years ago, conjuring from these unlikely beginnings a multi-billion dollar Global Business empire, 18 Australian prime ministers have come and gone...
China: Buyout of UK's largest microchip plant raises concerns
... Nexperia says being part of a Global Business is vital...
Cancer screening led me to invent dissolving wet wipes
... WWF Scotland director Lang Banks says there s " a huge Global Business opportunity awaiting anyone who can develop a genuinely sustainable alternative to plastic-containing wipes"...
How is a UK debt to Iran connected to Nazanin Zaghari-Ratcliffe?
... What steps did Iran initially take? In 1990, Iran took IMS to the International Chamber of Commerce (ICC), a Global Business organisation which rules on trade disputes between countries...
Ukraine invasion: Russians close on Kyiv but meet strong resistance
... He wants leaders to cut off Russia from Swift - the system used for Global Business transactions...
Masatoshi Ito, billionaire who made 7-Eleven a global giant, dies at 98
By Annabelle LiangBusiness reporter
Japanese billionaire Masatoshi Ito , who helped turn 7-Eleven convenience stores into a Global Business empire, has died aged 98.
He died Last Friday from Old Age , operator Seven & i Holdings.
" We would like to express our sincere gratitude to him for his kindness during his lifetime, " The Firm said.
There are More Than 83,000 7-Eleven stores around The World , with a quarter of them located in Japan.
In 1956, Mr Ito took over a small Tokyo apparel store business that had been run by his uncle then half-brother.
Mr Ito later renamed it Ito-Yokado and turned The Business into a chain of one-stop stores that sold everything from groceries to clothes. It went public in 1972.
Around The same time, an executive at Ito-Yokado, Toshifumi Suzuki , spotted a 7-Eleven store during a visit to The US.
Ito-Yokado later forged a deal with 7-Eleven's Owner - The US-based Southland Corporation - and opened Japan's first 7-Eleven in 1974. Mr Ito's firm moved to acquire a controlling stake in Southland Corporation in March 1990.
" I Am frequently asked if I succeeded because of Hard Work or because I was Just Lucky . Actually The Answer is some of both, " Mr Ito.
" I was fortunate to have started out In Business right after The War - The same time that a broad-based consumer society was beginning to develop in Japan. "
In 1992, Mr Ito resigned from his position at Ito-Yokado over alleged illegal payments made by three executives to yakuza gangsters to keep order at a shareholders' meeting.
Ito-Yokado was renamed Seven & i Holdings in 2005. The " i" in its name is a nod to Ito-Yokado and Mr Ito, who was The Company 's honorary chairman.
Mr Ito was also influenced by his friendship with Austrian-American management guru Peter Drucker .
" In The early years of his relationship with Dr Drucker, The two would connect In America or Japan and spend long evenings discussing The World economy, The Japanese economy, and The direction in which Mr Ito should be planning, " that counts Mr Ito as a major donor.
Prof Drucker called Mr Ito " one of The World 's outstanding entrepreneurs and business builders. "
Related TopicsSource of news: bbc.com
