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Copy of Henry Sy Group of Companies
Transcript of Copy of Henry Sy Group of Companies
Secret of His Success SM Super malls Owned by SM Prime Holdings, Inc., It is a chain of shopping malls in the Philippines, with 43 malls across the Philippines as well as branches in China. San Miguel Corporation Established in 1890 as a brewery, San Miguel Corporation (SMC) is Southeast Asia's largest publicly listed food, beverage and packaging company SM Development Corporation SM Development Corporation operates in the Real estate agents and managers sector. Banco De Oro BDO is a full-service universal bank in the Philippines. It has the ability to provide a complete array of industry-leading products and services. Belle Corporation and Highlands Prime Inc. It is a leading Philippine developer of high-end residential and leisure properties. National University
(60% bought recently) Henry Sy, Sr. has acquired and recently gained control of the 108-year-old National University (NU) in Sampaloc, Manila. Started by Henry Sy, Sr. in 1958 as Shoemart, with a store in Manila. In 1960's Shoemart expands its shoe store chain. It is one of the pioneers in the new urban centers in Makati and Cubao. Henry Sy Was born on December 25, 1924 in Xiamen, China Migrated to the Philippines and started selling rejected and overrun shoes from Tondo Earned his Associate of Arts degree in Commercial Studies at Far Eastern University in 1950. In 1958, Sy established a shoe store in Quiapo, Manila It is now known as SM Quiapo, also known as "SM Clearance Outlet" As of June 2012, he is the richest man in the Philippines with a net worth of $9.1 Billion, claiming the second spot, is Lucio Tan with $4.5 Billion net worth. Background Companies Services / Products Shopping Outlets * Clothes
Appliances Food * Fast Food Chains
* Food stalls
* Food Court Entertainment and Leisure * Cinemas
* Ice Skating Rink
* Bowling Alley
* Gaming Centers It started in 1974 as Ayala Fund, Incorporated.
In 1986, SM Group of Companies became the majority shareholder and renamed it to SM Fund, Inc. Projects and Services Grass Residences
Beside SM North Edsa Wind Residences
Tagaytay Shell Residences
Pasay City Lindenwood Residences
Susana Heights Sy is the operator of BDO and Chinabank In 2006, he bought Equitable PCI Bank
and merged it with BDO in 2007. Services offered Deposits and Investments Loans Credit Cards Insurance Services Offered Plans include a new eight-story building inside the university campus and the renovation of some old buildings. * Higher Education Courses eg. Engineering, Architecture, Education, Liberal Arts, Science and Management Projects Sy sold his 11% stake in San Miguel Corporation, for $680 million. What are Henry Sy's Secret to Success? 1. Leadership 2. Integrity 3. Vision 4. Focus 5. Passion 6. Hard work 7. Perseverance 8. Optimism 9. Confidence 10. Discipline 11. Organization 12. Mission 13. Social responsibility 14. Recognition of opportunity success formula His Early years Business Strategies he devised ways to increase his income by developing small portions of products – much like the sachets we see today in the supermarkets. he spent so much time in the store that he had no time to go out and play with friends in the neighborhood. Because he dad felt the tsunami-like effects of the region wide crisis, which was unlike any other he had experienced, he had to change plans. He deferred opening the Mall of Asia, and went on with the opening of other malls. He grew in numbers instead of size, serving different smaller markets. He have also expanded our retail business beyond department stores to include supermarkets, hardware stores, appliance superstores, and other retail formats. At about the same time, he looked into the banking business – both at their bank and at the industry. They also have continues innovation Group’s policy Their group’s policy is to look for opportunities at all times, and to be ready to act when it comes. While crises may have brought opportunities, they continue their plans in good or bad times with some changes to suit their demands of the time. “There is no such thing as overnight success or easy money. If you fail, do not be discouraged; try again. When you do well, do not change your ways. Success is not just good luck: it is a combination of hard work, good credit standing, opportunity, readiness and timing. Success will not last if you do not take care of it.” - Henry Sy SuCceSs(: