Business Name Of Henry Sy

He pioneered the establishment of sm.

Business name of henry sy. Manila philippines the philippines richest man henry sy who came to the country as a penniless chinese immigrant and rose to lead. So the brand name was changed to simply sm sy opened his first department. There appears to be five ways to grow and expand as can be seen in the strategies of the late henry sy sr.

His business grew quickly opening more stores with his friends as business partners. He started out by learning the ropes of the retail beside. However w hen the philippine economy collapsed in world war ii their store burned down that forced his father to go back to china.

His initial goal upon venturing to banking was to provide for his supplier s cash management. October 15 1924 january 19 2019 was a chinese filipino business magnate investor and philanthropist known for his involvement in the philippines retail industry. Born in fujian he moved with his family to the philippines at age 12.

Here is a list of companies in henry sy s business empire. Henry sy was determined to grow his business even beyond what he could imagine. After the end of world war ii in 1945 henry sy went into the shoe retail business.

In 1967 sy started to venture into banking industry as he bought acme savings bank which he later change its name to banco de oro. Product from core to adjacencies he started a small shoe store in 1946 at age 21 then carried more types of shoes in carriedo in quiapo. Henry sy stayed in the philippines and built his own shoe business in marikina.

Henry tan chi sieng sy sr. After his success with the branches henry decided to open the first air conditioned branded shoe store and called it shoe mart sm. Henry sy who turned a shoe business into sm investments one of philippines largest conglomerates died at age 94 on january 19 2019.