was a Japanese businessman and founder of Ito-Yokado.
Early life and career
Itō was born in Tokyo on 30 April 1924. His parents, Senzo and Yuki Itō, operated a dry goods shop named Yokado. Following the death of his brother in 1956, Itō took over Yokado, which was then a clothing shop. He soon renamed the company Ito-Yokado. Itō denied knowledge of the payments, though some of the money came from his wife's bank account, but nonetheless took responsibility for the payments.
Peter F. Drucker and Masatoshi Ito Graduate School of Management
Itō was a significant supporter of the Peter F. Drucker and Masatoshi Ito Graduate School of Management, with an initial $3 million gift to help build the school's current home and a subsequent $20 million gift. His son, Junro, earned his MBA at the Drucker School in 1989 and was active in the Drucker alumni association in Japan.
Personal life and death
Itō was married and had three children. He died on 10 March 2023, at the age of 98.
References
ja:イトーヨーカ堂#創業の歴史