Jul

How a Bankrupt Fishmonger Became a Dollar-Store Billionaire

Market for ‘100-yen’ stores thrives as shoppers seek bargains
Country’s top discounter mints billionaire as rival closes in

Selling everyday items to bargain hunters has made the founder of Japan’s biggest discount store a billionaire.

Hirotake Yano, founder and president of closely held Daiso Sangyo Corp., the self-described “Japanese shopping wonderland,” was one of the country’s 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…

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How a Bankrupt Fishmonger Became a Dollar-Store Billionaire

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