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05-07-2017, 01:52 PM
How a Bankrupt Fishmonger Became a Dollar-Store Billionaire
By Venus Feng  and Grace Huang
July 4, 2017, 5:00 AM GMT+8
Selling everyday items to bargain hunters has made the founder of Japanâs biggest discount store a billionaire.
Hirotake Yano, founder and president of closely held Daiso Sangyo Corp., the self-described âJapanese shopping wonderland,â was one of the countryâs first vendors to adopt a single-price model and used that strategy to build a net worth that the Bloomberg Billionaires Index values at $1.9 billion.
âHis timing was perfect,â Pascal Martin, a partner at OC&C Strategy Consultants, said in an email. âOpening the first 100-yen store in 1991, a couple of years after the burst of the Japanese economic âbubble,â which was the beginning of a profound shift in Japanese consumer culture.â
More details in https://www.bloomberg.com/news/articles/...illionaire
By Venus Feng  and Grace Huang
July 4, 2017, 5:00 AM GMT+8
Selling everyday items to bargain hunters has made the founder of Japanâs biggest discount store a billionaire.
Hirotake Yano, founder and president of closely held Daiso Sangyo Corp., the self-described âJapanese shopping wonderland,â was one of the countryâs first vendors to adopt a single-price model and used that strategy to build a net worth that the Bloomberg Billionaires Index values at $1.9 billion.
âHis timing was perfect,â Pascal Martin, a partner at OC&C Strategy Consultants, said in an email. âOpening the first 100-yen store in 1991, a couple of years after the burst of the Japanese economic âbubble,â which was the beginning of a profound shift in Japanese consumer culture.â
More details in https://www.bloomberg.com/news/articles/...illionaire
Specuvestor: Asset - Business - Structure.
