Hirotake Yano, billionaire founder of Daiso dies at 80

Hirotake Yano, the founder of Japanese discount retailer Daiso Industries, died in Hiroshima on Feb 12. -ST FILE

TOKYO: Hirotake Yano, the founder of Japanese discount retailer Daiso Industries Co., has died of a heart failure. He was 80.

He passed away in Hiroshima on Feb 12, according to a company statement sent on Monday (Feb 19). Close family members held a private funeral, and he will be commemorated at a gathering in the near future, the release said.