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From shoe store to Philippines’ largest conglomerate: how Sy family builds, sustains empire
Henry Sy Sr., founder of SM Investments. Photo courtesy of the company He left China when he was 12 to move to the Philippines with his father and help out with his small sundry store. Driven by a ...
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Philippine Billionaire Sy Family’s SM Investments Sets $1 Billion Record Stock Buyback
SM Investments—the holding company of the family of the late retail billionaire Henry Sy Sr—will spend 60 billion pesos ($1 billion) to buy back its shares, which are trading at a two-year low.