Billionaire Daiso Founder Dies: How He Revolutionized the Dollar Store Industry
Tokyo, Japan – Hirotake Yano, the billionaire founder of Japanese discount retailer Daiso, has passed away at the age of 80 due to heart failure. Yano was a pioneer in the dollar shop business model, establishing the first Daiso store in 1972. Daiso, commonly known as a 100 yen store, became successful as the Japanese economy suffered in the 1990s. Aiming to cater to price-conscious customers, Yano’s business model quickly gained popularity and eventually expanded …