Junro Ito flew to California this year on a vision: The billionaire administrative at Seven &, i Holdings, the Chinese parent firm of 7-Eleven, felt the firm had lost its way. He wanted to revive the society fostered by his parents, the company’s leader. Mr. Ito wanted to start teaching classes for Seven & I staff and sought counsel from Claremont Graduate University, where management guru Peter Drucker, a near friend and mentor to his father, had spent years teaching. The workshops may teach the philosophy that a company’s goal is to serve its customers and not to maximize profits for shareholders, which Mr. Drucker would put in executives and others at Seven &. Again in Tokyo, the organization started hosting the regular supervision seminars just as Mr. Ito, a vice chairman at Seven &, i, began plotting a multibillion-dollar invasion. His household owns a majority interest in Seven &, document, and he wanted to prevent it from being bought out by a foreign adversary. Seven &, i has more than 85, 000 shops, and 7-Eleven is a basis of Japanese culture. People who know Mr. Ito, speaking on the condition of anonymity, said his fixing on Mr. Drucker offered a glass into his schedule for the business. ImageJunro Ito in 2017. His parents founded the company that later became Seven &, document, which has more than 85, 000 businesses. Breaks… Kiyoshi Ota/Bloomberg
European ownership of Chinese people companies
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