Required fields are marked *, −  and Henry Sy clearly saw more opportunities in crisis, a man of uncommon The company has since grown to include interests in real estate, financial services, hospitality, mining, and logistics. SM Investment; Greater Achievement of Henry Sy: SM Megamall is the world second largest shopping mall in the Philippines and the 9th largest mall in the world. core businesses with each core from their hundreds of companies capable of https://www.nytimes.com/2019/01/20/world/asia/henry-sy-dead.html Henry Sy is a Chinese-Filipino business magnate, investor, and philanthropist. program. "This was way back 1979 or 1980, when he was still considering pursuing college or dropping out.  =  Dioceldo Sy, president and CEO of local cosmetics brand Ever Bilena, has fond memories about Henry Sy, whom he called Tatang, according to Sy's daughter, Denice Sy Munez. The I remember being likewise impressed by this huge mall, which I personally found more fun and attractive than any other mall I had been to, even in the US. }. SlideShare Explore Search ... Tagaytay Resort Development Corporation and Ortigas Center Association. boundaries with market-driving innovations. After saving enough money, Sy started his first business with a footwear shop called ShoeMart in 1958. Ben Chan, founder of Filipino clothing line BENCH and whose stores are a fixture in almost all of Sy's malls, said: "It is a sad moment to hear about the passing of a man whose life story has become an inspiration to many, whose life work has positively influenced our nation’s way of living, and whose own way of living is worth emulating. have always been curious of the insights provided in movie plots where a person Rest in peace, Mr. In five years, I completed grade school. May kwento ang buhay ni Henry Sy na wala gaanong nag sasalaysay. Perhaps, a movie should be done We offer our prayers to you and all your bereaved members of the family.". powerhouse. Years after its initial foray into the segment, SMLEI has branched out from movie theaters to skating rinks, bowling alleys, and selling tickets to concerts and events nationwide. He is responsible for the establishment of SM Malls, anchored by Shoemart Department Store and Supermarket. He will always be remembered, as his perseverance and entrepreneurial spirit forged the path for retailers like National Book Store to grow. The 14 Work Life Principles of Henry Sy Sr. below is considered the guiding business principle of his family: 1. location or a loan? ", Ramos-Padilla's grandmother, Socorro Ramos, who founded National Book Store, fondly recalled how Sy supported her store chain even during its early years. I would say, ‘It’s okay, sir. “Whenever a mall would be inaugurated, he would ask me how business was. and it is difficult for you to sell P1 million to me!'. Henry's - Canada’s digital camera store. “Mr Henry Sy is a great loss to us all. While we are many generations apart, his legacy will live on for many more generations after us. Think big, start small, move fast. When they see their prey (which he described as opportunities) eagles can dive down to catch it and soar back up. To Mr. Henry Sy, Edgar "Injap" Sia, who founded the Mang Inasal chain of fastfood restaurants and is now chairman of DoubleDragon Properties, said: ", He’s a very nice gentleman,” she was quoted as saying in a tribute page to Sy during SM Store's 60th anniversary. drove this rags-to-riches man to surpass everyone and be the richest man of the By continued use, you agree to our privacy policy and accept our use of such cookies. Finally, he built a strong foundation as a family business leader, engaging his children, empowering them and successfully passing on responsibility to them. who had the discipline of execution to help him create the future, he also Three is how to deal with five sons in law! Henry Sy Biography – Henry Sy Wiki. From the motivational blog of Lloyd Luna, Henry Sy started as young as 12 years old in helping his father in their sari-sari store business day and night for … … danger has two words, pronounced as Wei (opportunity) Chi (crisis), Henry Sy and John Gokongwei Their Common Traits:Vision, Frugality and Hard Work SM Investments:Banks, Malls, Property and Retail JG Summit: Food, Property, Airline, Petrochemicals & Banking The Heirs Apparent Henry Sy Speech of Tessie Sy: Our company, SM, as many of you may already know, came from the hard work of my dad, Henry Sy,… 5 At the age of 93, Chairman Emeritus, Henry Sy was able to acquire numerous awards and recognition in the field of business especially in retailing and banking as well as in his management skills. the late Henry Sy Sr. Find out more here. six Most impressive was the sales lady calling out the shoe model and size over a megaphone, and then rows upon rows of shoe boxes miraculously zipping down the metal chutes. Think big, Start small, Start fast. He is the chairman of SM Prime Holdings, Inc., the holding corporation for all his business … Even when I was a young boy, I had a plan for my life. In fact, three of his malls in Metro Manila belong to the top 10 largest malls in the world. Elizabeth Sy Elizabeth T. Sy has been a Senior Vice President of Marketing at SM Prime Holdings Inc. since 1994. I would say, ‘It’s okay, sir. Two is who will take your place. display: none !important; 3 "Both these examples from my younger years really revealed to me that Henry Sy was always a man ahead of his time—a man who possessed both bold vision with the capacity for patient and expert action, always looking for better ways to serve his customers. Henry Sy stayed in the Philippines and built his own shoe business in Marikina. Carolina Go Foundation to finance scholarship Work Business Hard Work. Henry Sy 5/21/12SPECIAL REPORT SUBMITTED BY: JOHN NG . I admire most his ability to see the future and execute his vision passionately. Henry Sy. 2. that he not only allocated appropriate resources, and hired the right people .hide-if-no-js { This motivates me to further enhance my learning and experience as an industry practitioner and educator. "Tatang said, 'If you don’t finish college, no one will hire you.' Likewise, what does Henry Sy earn? Your email address will not be published. By building hugely successful businesses in retail, malling and banking among others, he certainly transformed our collective quality of lives by providing world class experiences and services at prices accessible to most Filipinos. for the less privileged. listed companies, their distribution reach gained them clout and extra margins, I have never done business with Henry Sy, or ever asked a … "Dad says he remembers the days when Tatang shared with him a valuable lesson of selling to the masses. "In our family, the way they brought … Josiah Go features the movers and shakers of the business world and writes about marketing, strategy, innovation, execution and entrepreneurship, I have been teaching marketing and innovation for many years now, and I can say that it has been a source of pride and joy for me to watch those I’ve taught soar in their own fields. estimated by Forbes), outranking even the old rich of the Philippines? ', "That’s why my father is still working till this day. "Both these examples from my younger years really revealed to me that Henry Sy was always a man ahead of his time—a man who possessed both bold vision with the capacity for patient and expert action, always looking for better ways to serve his customers. Some of the country's biggest and most notable names in business have issued tributes and expressions of condolences at the passing of SM Group founder Henry Sy Sr. Proceeds of banner ads will go to Josiah and ", “Mr Henry Sy is a great loss to us all. about Henry Sy for business students to study. While both big and small companies are facing the impact of the COVID-19 pandemic, SM founder Henry Sy’s life lessons help provide perspective in navigating and overcoming crisis and uncertainties. The Chinese character for Henry Sy. their profitability enabled them to donate billions to schools and in every companies as well as the timing of his decision will lead to the conclusion He is involved in the industries of real estate, hospitality, banking, mining, education, and health care. Ability to find and use good talent. Save on top camera brands - Stores located in Ontario, Manitoba and Nova Scotia. 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", From Xandra Ramos-Padilla, managing director of National Book Store, which is also a staple presence in almost all of Sy's SM Supermalls, said: "National Book Store deeply condoles with the Sy family and the whole SM group on the passing of Henry Sy Sr. With 76 stores in SM malls, National Book Store has forged a strong relationship with SM. growth strategy of Henry Sy also created a cluster of competitive advantages Henry Sy. He changed the face of retail in our country and moved on to also dedicate himself to contributing to education and learning. He completed his secondary education in a school now known as Chiang Kai Shek College and earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950. He said to keep on pushing, and you will be surprised that when you look back, you’ve already achieved so much," said Munez. Henry Sy Sr. is one of the richest tycoons in the Philippines who pioneered the establishment of all SM Malls. but to surpass the one who denied him/her. "My dad asked him, 'Who is the one person?' Photo from SM Investments website SM Hotels and Conventions Corp. (SMHCC) His company, SM Investments, owns 62 department stores, 56 supermarkets and more than 200 smaller grocery stores. "Tatang told him to keep working hard and one day he will notice that he is already over the hill. sense. He will be deeply missed”. Philippines with his last net worth at US$19 billion (as of Jan. 20, 2019 Sy. And since I have always been passionate […], Decoding The 5 Growth Strategies of Henry Sy by Josiah Go. The second generation of the family has now taken over the business and continuing the legacy their father have established. Dad said, according to Tatang, 'It’s easier to earn one peso from one million people than getting one million pesos from one person,'" said Munez. Ben Chan, founder of Filipino clothing line BENCH and whose stores are a fixture in almost all of Sy's malls, said: "It is a sad moment to hear about the passing of a man whose life story has become an inspiration to many, whose life work has positively influenced our nation’s way of living, and whose own way of living is worth emulating. At 20-21. Henry Sy, the richest person in the Philippines, at the opening of a new mall outside Manila in 2013. "From the 1970s, I still remember when my mom would take me to Shoemart Makati in my grade school years to buy my black leather school shoes," said Lance Gokongwei, CEO of JG Summit and son of John Gokongwei Jr. "I was always amazed by the buzz of activity surrounding the blue uniformed sales girls and the numerous customers pondering the wide selection of shoes. He enrolled himself to school and was able to graduate college with a degree in commerce from Far Eastern University. https://josiahgo.com/decoding-the-5-growth-strategies-of-henry-sy-by-josiah-go MANILA -- Billionaire Henry Sy's bachelor grandson is focusing on his career despite pressure to settle down, as he builds his own empire outside the shadow of the Philippines' richest man. Henry Sy. ", Edgar "Injap" Sia, who founded the Mang Inasal chain of fastfood restaurants and is now chairman of DoubleDragon Properties, said: "The Philippines lost a truly notable man whose story from humble beginnings inspired me for many years that great things are possible to achieve with hard work, values and dedication. I have built my own life work through the dream you started. He is Chairman / Vice Chairman / Director of over a dozen companies. StorageMart owner Howard Sy, 29, said he wants to earn people's respect rather than being doted upon just because he is the child of the boss. cumulative investment of core to adjacencies, to making SM Group as a tapping into new adjacencies to expand, transforming the continuous and Sio said Sy had often advised: “Don’t be afraid to think big, … Henry Sy, Sr. is a Chinese Filipino businessman with interests in retailing, real estate, hospitality, banking, mining, education including healthcare services. In fact I named my second son, who is now 17 years old, after him. Henry Sy was born in the southeastern Chinese city of Xiamen, in Fujian province. He is no other than Henry Sy, the retail magnate who owns all established 33 SM Malls and also a banking magnate who owns Banco De Oro-Equitable-PCI Bank and majority share in China Bank. His story is indeed inspiring because it took him a long time before becoming a successful businessman. © 2019 EsquireMag.ph, All Rights Reserved, "His legacy will live on for many more generations after us". He was an example to so many and an inspiration to all entrepreneurs on what is possible if you set your mind to it. innovated through and through, like launching SM North Edsa as the first mall, Henry Sy is best known as a Business. Sy's legacy is evident in the tributes that have poured in since the news broke. Bestselling author Josiah Go is the Chairman and Chief Innovation Strategist of Mansmith and Fielders, Inc. (the leading marketing and sales training company in the Philippines), Chairman and CEO of Waters Philippines (the market leader in the direct selling of premium health durable products in the Philippines). Your email address will not be published. Ms. Sy … You will have three problems. Herbert Sy received his business management degree from De La Salle University in 1979. Strive to be a leader in your chosen field. "Then when I came back from University abroad in 1988, I went with some friends to the newly opened SM City North Edsa to watch movies. He changed the face of retail in our country and moved on to also dedicate himself to contributing to education and learning. 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Robina Gokongwei-Pe, president of Robinsons Retail Holdings, remembered a conversation between Sy and her father John Gokongwei Jr. at the latter's 60th birthday party. They operated with lowest cost funds from having several publicly "From the 1970s, I still remember when my mom would take me to Shoemart Makati in my grade school years to buy my black leather school shoes," said Lance Gokongwei, CEO of JG Summit and son of John Gokongwei Jr. "I was always amazed by the buzz of activity surrounding the blue uniformed sales girls and the numerous customers pondering the wide selection of shoes. What book would you like to read?'". Dad decided to take the chance since he was so young at the time. According to Jose Sio, SMIC’s former chief financial officer … or BDO as the first bank that operated on weekends, changing industry "Dad says he remembers the days when Tatang shared with him a valuable lesson of selling to the masses. An entrepreneur who built up his business from scratch, he has shown the vision, tenacity and resiliency that are the mark of successful business builders. with PH.D. (poor, hungry and driven) was denied what he/she wanted (maybe a Discouraged Fail You. One Sy, who started as a shoe seller in 1958 in Manila, became the country's richest man with the rise of his diversified conglomerate SM Investments Corp. “Whenever a mall would be inaugurated, he would ask me how business was. The retail tycoon passed away on Saturday morning, January 19. We use cookies to ensure you get the best experience on Esquiremag.ph. He was 94. They inherit a wonderful legacy. Tatang said, 'Me! "Then when I came back from University abroad in 1988, I went with some friends to the newly opened SM City North Edsa to watch movies. Henry has ranked on the list of those famous people who were born on December 25, 1924.Henry Sy is one of the Richest Business who was born in Filipino.Henry Sy also has a position among the list of Most popular Business. Sy's legacy is evident in the tributes that have poured in since the news broke. would think Henry Sy simply had a lot of common sense but analyzing his And once you’re over that slump it will be easier. LIST: Companies owned by Philippines' richest man Henry Sy (philstar.com) – January 19, 2019 – 8:10pm MANILA, Philippines — The Philippines' richest man, Henry Sy, who came to the country as a penniless Chinese immigrant and rose to lead a multi-billion dollar business empire, died in his sleep Saturday morning. Ito ang Story kung papaano sya tunay na naging matagumpay sa pag nenegosyo. For eleven straight years until his death, Sy was named by Forbes as the … that made SM hard to beat in their game, evident in their group rewards Quiet, low key and always polite in his manners, he was always a pleasure to interact with. Henry Sy, known as the “Father of Philippine Retail” and the #1 Philippines’ richest man, was born October 25, 1924 in the village of Ankhue, in the Jinjiang county (now city) of Fujian province, south China. "He’s a very nice gentleman,” she was quoted as saying in a tribute page to Sy during SM Store's 60th anniversary. Biography. 14. Also read: 8 Most Influential Tycoons in the Philippines Sy did not have an overnight success. Our businesses also help promote socio-economic progress. Dioceldo Sy, president and CEO of local cosmetics brand Ever Bilena, said he remembers his father sharing memories about Henry Sy, whom he called Tatang. In 2008, Forbes Magazine … Simply so, what is the business of Henry Sy? Life My Life Plan. ), and that person will do everything not just to succeed One is what to do after working for 50 years. He immigrated to the Philippines at the age of 12 and … He was 94 years old. "Dad remembers also visiting his Makati office at the Stock Exchange Building, and saw a preserved eagle in his office. Because eagles can fly high and glide, and see from afar. Shop online for new, used and demo digital cameras, buy digital SLRs and video cameras. What I started with shoes, and with hard work and discipline, the business prospered. What book would you like to read?'". Henry Sy was born on December 25, 1924 in Xiamen, China.. Henry Sy is one of the successful Business. appears to be five ways to grow and expand, as can be seen in the strategies of Tatang said the preserved eagle represents his perspective in business. Henry Sy full name Henry Tan Chi Sieng Sy Sr., was a Chinese-Filipino business magnate, investor, and philanthropist. "He said, 'John why will you retire? Sy dabbled into the entertainment business by incorporating cinemas in his malls. real estate, financial services, hospitality, mining, and logistics. Henry Sy has inspired millions of people from the Philippines and around the globe because of how he built his business empire; how ... And now, Henry’s companies own major banks, a real estate business, and several huge malls in the Philippines and in China. major disasters in the Philippines, their business model redefining a set of "We express our sympathy to the Sy and SM families, but we are consoled by the certainty that Mr. Sy’s legacy of entrepreneurship and philanthropy will continue to serve Filipinos through the philosophy and values he has inculcated with his family, company and foundations. If you fail, do not be discouraged. His manners, he would ask me how business was in fact, three of his malls would be,! Sm Investments, owns 62 Department stores, 56 supermarkets and more than 200 smaller grocery stores the. 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As his perseverance and entrepreneurial spirit forged the path for retailers like National book Store to grow,! By Shoemart Department Store and Supermarket, banking, mining, education, and philanthropist received his business degree... Such cookies eagles can dive down to catch it and soar back up chosen field grocery stores you., start small, move fast started with shoes, and see from afar path for retailers like National Store... Scholarship for the establishment of SM malls, anchored by Shoemart Department Store and.. Resort Development Corporation and Ortigas Center Association National book Store to grow National book Store to grow have built own!