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Henry Sy, also known as Sy Chi Sieng in Philippine Hokkien (Shī Zhìchéng in Mandarin), [3] was born in Jinjiang in Fujian, [7] then still under the Republic of China (ROC), on October 15, 1924. [ 8 ] [ 6 ] At age 12, he and his family moved to the Philippines during the Commonwealth Era under American colonial period , where his father set ...
SM Supermalls was pioneered by Henry Sy, a Chinese-Filipino businessman whose roots traces back to Fujian. Sy opened his first shoe store in Quiapo in 1948 and later the first store under the Shoemart (SM) name in 1958 along Carriedo. [1] In 1972, Shoemart turned into a full-line department store. [2]
Asia Pacific College – a joint venture between SM and IBM Philippines. [18] Gaming. Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor's entertainment city. It is the developer of leisure and tourism destinations in the country. [19] [20] [16] – (SM owns 27%)
Teresita Tan Sy-Coson (born October 1950) is a Filipina businesswoman, the daughter of Henry Sy.The vice chairwoman of SM Investments Corporation (SMIC)—one of the Philippines' largest publicly-traded holding companies with interests in retail, banking, property and portfolio investments, She is also the chairwoman of BDO Unibank, Inc. (BDO), the Philippines' largest bank in terms of total ...
In October 2022, at the end of the faculty's anniversary celebration, the building project was relaunched as the Henry Sy Sr. Hall. [14] It was named after the founder of SM Supermalls, as requested by his daughter Teresita Sy-Coson, whose foundation donated ₱300 million to the UST Research and Endowment Foundation. [15] [16]
The company was founded by Henry Sy, Sr. on January 15, 1960. Initially, he named his business Shoemart and focused on buying large supplies of shoes from the United States. His business grew until he was able to open a department store. He named his second company SM Department Store Inc. [5]
The family's retail business began during the 1970s, when a shop-restaurant was established by Doña Modesta Singson-Gaisano with husband, Don Jose Sy Gaisano, located at the ground floor in a rented house in Colon, Cebu. The establishment later became known as White Gold Super Store.
In 2007, Zóbel was ranked as tied with Henry Sy as the richest person in the Philippines, with a net worth of $2.6 billion, according to Forbes magazine. In 2008, Zóbel and his family were ranked 3rd in Forbes magazine's 2008 list of 40 wealthiest Filipinos, due to a 46% drop in their conglomerate Ayala Corp. shares, which were worth $800 ...