{"id":19061,"date":"2019-06-16T18:18:23","date_gmt":"2019-06-16T15:18:23","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=19061"},"modified":"2019-06-16T03:29:07","modified_gmt":"2019-06-16T00:29:07","slug":"henry-c","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/henry-c\/","title":{"rendered":"Henry Sy: From Shoe Seller to the Philippines\u2019 Retail Billionaire"},"content":{"rendered":"<p dir=\"RTL\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.arrajol.com\/sites\/default\/files\/styles\/800x530\/public\/2018\/02\/20\/211806-%D9%87%D9%86%D8%B1%D9%8A%20%D8%B3%D9%8A%20%D9%85%D9%86%20%D8%A8%D8%A7%D8%A6%D8%B9%20%D9%84%D9%84%D8%A3%D8%AD%D8%B0%D9%8A%D8%A9%20%D8%A5%D9%84%D9%89%20%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%AF%D9%8A%D8%B1%20%D8%A7%D9%84%D8%A8%D9%8A%D8%B9%20%D8%A8%D8%A7%D9%84%D8%AA%D8%AC%D8%B2%D8%A6%D8%A9%20%D9%81%D9%8A%20%D8%A7%D9%84%D9%81%D9%84%D8%A8%D9%8A%D9%86.jpg?itok=Pg6TXMXF\" alt=\"\u00d9\u0086\u00d8\u00aa\u00d9\u008a\u00d8\u00ac\u00d8\u00a9 \u00d8\u00a8\u00d8\u00ad\u00d8\u00ab \u00d8\u00a7\u00d9\u0084\u00d8\u00b5\u00d9\u0088\u00d8\u00b1 \u00d8\u00b9\u00d9\u0086 \u00c2\u00ab\u00d9\u0087\u00d9\u0086\u00d8\u00b1\u00d9\u008a \u00d8\u00b3\u00d9\u008a\u00c2\u00bb \u00d9\u0085\u00d9\u0086 \u00d8\u00a8\u00d8\u00a7\u00d8\u00a6\u00d8\u00b9 \u00d9\u0084\u00d9\u0084\u00d8\u00a3\u00d8\u00ad\u00d8\u00b0\u00d9\u008a\u00d8\u00a9 \u00d8\u00a5\u00d9\u0084\u00d9\u0089 \u00d9\u0085\u00d9\u0084\u00d9\u008a\u00d8\u00a7\u00d8\u00b1\u00d8\u00af\u00d9\u008a\u00d8\u00b1 \u00d8\u00a7\u00d9\u0084\u00d8\u00a8\u00d9\u008a\u00d8\u00b9 \u00d8\u00a8\u00d8\u00a7\u00d9\u0084\u00d8\u00aa\u00d8\u00ac\u00d8\u00b2\u00d8\u00a6\u00d8\u00a9 \u00d9\u0081\u00d9\u008a \u00d8\u00a7\u00d9\u0084\u00d9\u0081\u00d9\u0084\u00d8\u00a8\u00d9\u008a\u00d9\u0086\" width=\"625\" height=\"432\" \/><\/p>\n<p dir=\"RTL\">\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">We are always inspired by stories of ordinary people who became some of the world\u2019s wealthiest business leaders. Their journeys encourage us to work hard and persevere, whatever challenges we face<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> in difficult circumstances. The success story of Henry Sy has all the hallmarks of perseverance, willpower, and determination that made him one of the wealthiest business leaders in the Philippines. He<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> began his career in a small store selling traditional clothing, then became a shoe salesman, eventually founding and owning the Prime <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0647\u0648\u0644\u062f\u064a\u0646\u063a\u0632 \u0644\u0644\u0628\u064a\u0639 \u0628\u0627\u0644\u062a\u062c\u0632\u0626\u0629.\u00a0<\/span><\/p>\n<p dir=\"RTL\">.<\/p>\n<blockquote>\n<p dir=\"RTL\">\n<\/blockquote>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Henry Sy was born into a poor family in Ankhue Village, Jinjiang, Fujian Province, China, on October 25, 1924. He completed his secondary education at <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Chiang Kai-shek High School and earned a Bachelor of Arts degree in Commercial Studies from Far Eastern University in 1950. He moved to the <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0627\u0644\u0641\u0644\u0628\u064a\u0646 \u0628\u0633\u0628\u0628 \u0639\u0645\u0644 \u0648\u0627\u0644\u062f\u0647\u060c \u0648\u0643\u0627\u0646 \u0644\u062f\u064a\u0647 \u0635\u0639\u0648\u0628\u0629 \u0643\u0628\u064a\u0631\u0629 \u0641\u064a \u0627\u0644\u062a\u0643\u064a\u0641 \u0645\u0639 \u0627\u0644\u062d\u064a\u0627\u0629 \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u0648\u062e\u0627\u0635\u0629\u064b \u0648\u0639\u0646\u062f\u0645\u0627 \u062a\u0639\u0644\u0645 \u0627\u0644\u062a\u062d\u062f\u062b \u0628\u0627\u0644\u0644\u063a\u0629 \u0627\u0644\u0625\u0646\u0643\u0644\u064a\u0632\u064a\u0629.\u00a0<\/span><\/p>\n<p dir=\"RTL\">.<\/p>\n<blockquote>\n<p dir=\"RTL\">\n<\/blockquote>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0639\u0645\u0644 \u0647\u0646\u0631\u064a \u0641\u064a \u0645\u062a\u062c\u0631 \u0648\u0627\u0644\u062f\u0647 \u0644\u0628\u064a\u0639 \u0627\u0644\u062b\u064a\u0627\u0628 \u0627\u0644\u0634\u0639\u0628\u064a\u0629 &#8220;\u0627\u0644\u0633\u0627\u0631\u064a&#8221; \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u0645\u062a\u062c\u0631 \u062a\u0639\u0631\u0636 \u0644\u0644\u062d\u0631\u0642 \u062e\u0644\u0627\u0644 \u0627\u0644\u062d\u0631\u0628 \u0627\u0644\u0639\u0627\u0644\u0645\u064a\u0629 \u0627\u0644\u062b\u0627\u0646\u064a\u0629 \u0648\u0645\u0639 \u0627\u0646\u0647\u064a\u0627\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f \u0627\u0644\u0641\u0644\u0628\u064a\u0646\u064a \u0627\u0636\u0637\u0631<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> to return to China, but Henry chose to stay in the Philippines. Henry stood out for his effective sales strategies and his ability to develop them, but one day he was shot <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">while selling on the street. A friend rescued him and took him to the hospital, strengthening their friendship and leading them to become business partners. <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0627\u0644\u062a\u062c\u0627\u0631\u064a\u0629 \u062d\u062a\u0649 \u0627\u0644\u064a\u0648\u0645.\u00a0<\/span><\/p>\n<p dir=\"RTL\">.<\/p>\n<blockquote>\n<p dir=\"RTL\">\n<\/blockquote>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">After the end of World War II in 1945, he opened his own shoe store. It grew quickly, and he went on to open more stores. <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0645\u0639 \u0623\u0635\u062f\u0642\u0627\u0626\u0647 \u0643\u0634\u0631\u0643\u0627\u0621 \u062a\u062c\u0627\u0631\u064a\u064a\u0646. \u0648\u0641\u064a \u0639\u0627\u0645\u00a0<span dir=\"LTR\">1956<\/span>, he opened his first store under his own brand and named it Shoe Mart. After the store\u2019s success, he decided to <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Henry opened branches in other areas. After some suppliers imposed restrictions on him, he was forced to diversify his products, adding clothing and <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">other goods to his stores with his mother\u2019s help.<\/span><\/p>\n<p dir=\"RTL\">.<\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Henry weathered the difficult economic conditions that affected the Philippines, as well as personal hardships. On November 8, 1985, he founded the first chain of <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">his stores in the city of North Edsa. He then expanded steadily every few years, opening a new chain of stores bearing the name<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> &#8220;<span dir=\"LTR\">SM Supermalls<\/span>&#8220;\u060c \u0648\u0644\u0643\u0646\u0647 \u0639\u0627\u0646\u064a \u0645\u0646 \u0627\u0644\u062a\u0623\u062e\u064a\u0631 \u0628\u0639\u062f \u0627\u0646\u062f\u0644\u0627\u0639 \u0627\u0644\u0623\u0632\u0645\u0629 \u0627\u0644\u0622\u0633\u064a\u0648\u064a\u0629 \u0641\u064a \u0639\u0627\u0645 1997\u060c \u0648\u0644\u0643\u0646 \u0645\u062a\u0627\u062c\u0631\u0647 \u0643\u0627\u0646\u062a \u062a\u062d\u0642\u0642 \u0646\u0645\u0648\u0627\u064b \u0648\u062a\u0639\u0648\u062f \u0639\u0644\u064a\u0647 \u0628\u0639\u0627\u0626\u062f\u0627\u062a <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0643\u0628\u064a\u0631\u0629 \u062c\u062f\u0627\u064b.<\/span><\/p>\n<p dir=\"RTL\">.<\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Henry moved into banking and helped reorganize and strengthen financial institutions, particularly Banco de Oro. Henry Sy became <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u062d\u0627\u0644\u064a\u0627\u064b \u064a\u0645\u062a\u0644\u0643 \u0645\u0635\u0631\u0641 \u0627\u0644\u0635\u064a\u0646\u060c \u0648\u0641\u064a \u0639\u0627\u0645 2006 \u0642\u0627\u0645 \u0628\u0634\u0631\u0627\u0621 \u0628\u0646\u0643 &#8220;<span dir=\"LTR\">PCI<\/span>&#8221; \u0648\u0641\u064a \u0639\u0627\u0645 2007 \u0642\u0627\u0643 \u0628\u062f\u0645\u062c\u0647 \u0645\u0639 \u0628\u0627\u0646\u0643\u0648 \u062f\u064a \u0623\u0648\u0631\u0648. \u062a\u0648\u0633\u0639\u062a \u0623\u0639\u0645\u0627\u0644\u0647 \u0644\u062a\u0634\u0645\u0644 \u0627\u0644\u0623\u063a\u0630\u064a\u0629<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> and beverages through the acquisition of an 11% stake in San Miguel, which he sold in 2005 for US$680 million. He received <\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Henry received an honorary doctorate in business administration from De La Salle University in January 1999 and joined the list of the world\u2019s wealthiest businesspeople with a fortune of<\/span><\/p>\n<p dir=\"RTL\" style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> \u062a\u0642\u062f\u0631 \u0628\u0623\u0643\u062b\u0631 \u0645\u0646 <\/span><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">US$21.8 billion.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>\u062f\u0627\u0626\u0645\u0627\u064b \u0645\u0627 \u0646\u0623\u062e\u0630 \u0627\u0644\u0642\u0648\u0629 \u0645\u0646 \u0642\u0635\u0635 \u062a\u062d\u0648\u0644 \u0627\u0644\u0623\u0634\u062e\u0627\u0635 \u0627\u0644\u0639\u0627\u062f\u064a\u064a\u0646 \u0625\u0644\u0649 \u0623\u063a\u0646\u0649 \u0631\u062c\u0627\u0644 \u0627\u0644\u0623\u0639\u0645\u0627\u0644 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645\u060c \u0648\u062a\u062d\u062b\u0646\u0627 \u0633\u064a\u0631\u0647\u0645 \u0639\u0644\u0649 \u0627\u0644\u0639\u0645\u0644 \u0627\u0644\u062c\u0627\u062f \u0648\u0627\u0644\u0645\u062b\u0627\u0628\u0631\u0629 \u0645\u0647\u0645\u0627 \u0648\u0627\u062c\u0647\u0646\u0627 \u0645\u0646 \u0638\u0631\u0648\u0641 \u0635\u0639\u0628\u0629.<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":19075,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[19125,19127,2849,19128,19126,753,19124],"class_list":["post-19061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-19125","tag-19127","tag-2849","tag-19128","tag-19126","tag-753","tag-19124"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/19061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=19061"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/19061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/19075"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=19061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=19061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=19061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}