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Story summary
- Toshifumi Suzuki died of heart failure on May 18, according to Seven & i Holdings.
- He is credited as the father of Japan’s convenience-store industry for pioneering data-driven inventory and rapid turnover.
- Suzuki partnered with Southland Corp to launch Seven-Eleven Japan in 1973 and led the 1990s restructuring rescuing Southland after bankruptcy.
- He founded Seven & i Holdings in 2005, stepped down as chairman in 2016 after a management dispute, and stayed influential in retail.
