
"Founder of Japanese 100-Yen Store Chain Daiso Dies at 80"
Hirotake Yano, the billionaire founder of Japanese discount retailer Daiso, has passed away at the age of 80. He was a pioneer of the dollar shop business model, opening his first store in 1972 and growing the company to over 4,000 stores in Japan and almost 1,000 worldwide. Daiso, known for its 100 yen pricing, has had to adapt its approach to pricing and now sells goods at multiples of 100 yen.
