Toshifumi Suzuki, the former chairman of 7&i Holdings, has sadly passed away. Suzuki was a true bastion of the retail world and is credited for the success of the global convenience store chain 7-Eleven. With great entrepreneurship and vision, he has brought this Japanese brand to global recognition. Details surrounding his cause of death have not been disclosed yet.

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In the US or the EU, people similarly consider founders and big personalities from successful companies as important figures. Just as the death of Steve Jobs impacted the tech industry worldwide, Suzuki's passing can have a significant impact on the retail industry, especially the convenience store sector.