Ito Yokado (ITO Yokado; Japanese: ITO Yokado; also translated: ITO Rongtang) is a leading brand in the Japanese retail industry. It was once the parent company of 7-ELEVEN, a world-famous convenience store. It was established in 1920, formerly known as yanghuatang foreign goods store. ITO Yokado established a new holding company, seven & I holding, on September 1, 2005. Seven & I holding purchased it for us $2 billion on December 26, 2005 Millennium retailing Inc., which owns both Chongguang department store and Xiwu department store in Japan, has become the largest retail enterprise in Japan and the fifth largest in the world; In 2011, it ranked 131st among the Fortune Global 500.
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