SMIC’s 20th-anniversary listing brings to mind a key lesson from the late Henry Sy: seeing opportunities in times of crisis, ...
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From shoe store to Philippines’ largest conglomerate: how Sy family builds, sustains empireHenry Sy Sr., founder of SM Investments ... he later entered the shoe business after World War II, opening his first store, ShoeMart (SM), in downtown Manila in 1958, according to Philstar.
The group traces its roots to Henry Sy Sr., who sold overrun shoes in 1958 at a store in Manila he aptly called Shoemart and built his first shopping mall amid political turbulence in the early 1980s.
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