World
Billionaire Founder of Japanese 100-Yen Shop Dies at 80
- Hirotake Yano was known as a pioneer of the budget-shop model
- The business model has gained popularity across the world
A Daiso store in Tokyo.
Photographer: Shoko Takayasu/BloombergThis article is for subscribers only.
Hirotake Yano, the founder of Japanese discount retailer Daiso Industries Co., has died of a heart failure. He was 80.
He passed away in Hiroshima on Feb. 12, according to a company statement sent on Monday. Close family members held a private funeral, and he will be commemorated at a gathering in the near future, the release said.