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    <title>Aaj TV English News - World</title>
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    <copyright>Copyright 2026</copyright>
    <pubDate>Mon, 25 May 2026 10:52:46 +0500</pubDate>
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      <title>Toshifumi Suzuki, father of Japan's convenience stores, dies at 93</title>
      <link>https://english.aaj.tv/news/330459476/toshifumi-suzuki-father-of-japans-convenience-stores-dies-at-93</link>
      <description>&lt;p&gt;&lt;strong&gt;Toshifumi Suzuki, the founder of Seven-Eleven Japan and widely regarded as the father of Japan’s convenience store industry, died of heart failure on May 18. Seven &amp;amp; i Holdings (3382.T) 93.&lt;/strong&gt;&lt;/p&gt;
&lt;p&gt;Born in Nagano in 1932, Suzuki joined retailer Ito-Yokado in 1963 after working at a book wholesaler.&lt;/p&gt;
&lt;p&gt;Defying scepticism at the time, Suzuki ​partnered with Southland Corp, the US operator of ​7-Eleven, to launch Seven-Eleven Japan in 1973, opening the first store in Tokyo the following year.&lt;/p&gt;
&lt;p&gt;He pioneered the use ​of data to tailor inventory and built ​a business model centred on ready-to-eat meals and rapid inventory ‌turnover, ⁠helping transform convenience stores into a cornerstone of Japan’s retail landscape.&lt;/p&gt;
&lt;p&gt;Suzuki also led the successful restructuring and rescue of Southland in the early 1990s ​after the ​7-Eleven parent ⁠filed for bankruptcy due to massive debt from a leveraged buyout.&lt;/p&gt;
&lt;p&gt;Suzuki went ​on to establish Seven &amp;amp; i Holdings ​in ⁠2005 and oversaw its expansion into a retail conglomerate.&lt;/p&gt;
&lt;p&gt;The avid book reader stepped down as chairman ⁠in ​2016 after a management dispute ​but remained an influential figure in Japan’s retail industry.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>Toshifumi Suzuki, the founder of Seven-Eleven Japan and widely regarded as the father of Japan’s convenience store industry, died of heart failure on May 18. Seven &amp; i Holdings (3382.T) 93.</strong></p>
<p>Born in Nagano in 1932, Suzuki joined retailer Ito-Yokado in 1963 after working at a book wholesaler.</p>
<p>Defying scepticism at the time, Suzuki ​partnered with Southland Corp, the US operator of ​7-Eleven, to launch Seven-Eleven Japan in 1973, opening the first store in Tokyo the following year.</p>
<p>He pioneered the use ​of data to tailor inventory and built ​a business model centred on ready-to-eat meals and rapid inventory ‌turnover, ⁠helping transform convenience stores into a cornerstone of Japan’s retail landscape.</p>
<p>Suzuki also led the successful restructuring and rescue of Southland in the early 1990s ​after the ​7-Eleven parent ⁠filed for bankruptcy due to massive debt from a leveraged buyout.</p>
<p>Suzuki went ​on to establish Seven &amp; i Holdings ​in ⁠2005 and oversaw its expansion into a retail conglomerate.</p>
<p>The avid book reader stepped down as chairman ⁠in ​2016 after a management dispute ​but remained an influential figure in Japan’s retail industry.</p>
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      <pubDate>Mon, 25 May 2026 08:49:02 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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        <media:title>Toshifumi Suzuki, outgoing chairman and Chief Executive Officer of Seven &amp;amp; i Holdings Co., waves as he leaves a news conference in Tokyo, Japan. -- Reuters</media:title>
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