With a capital of PHP200, she and her husband launched National Book Store in Escolta at the age of 19, selling books and school supplies to children. Socorro Ramos began her career in publishing and retail as a salesgirl in a bookshop. If you’d like to set up your own food business, check out our Entrepreneurship in Food and Beverage course, which will get you set up in this exciting, fast-paced industry. With over 2,500 outlets in the Philippines and locations in the United States, China, Saudi Arabia, Vietnam, Singapore, Brunei and the UK, Jollibee is a fast-food behemoth. Ĭaktiong was able to expand across the country after embracing the fast-food business model, growing his humble restaurant into one of the Philippines’ most successful businesses.įurthermore, by establishing a franchise, he has been able to break into the international market. Customers came to the store to buy his products after word spread in his area. He bought an ice cream shop in 1975, but owing to low sales, he decided to add other items such as fried chicken, fries, and burgers. His family maintained a Chinese restaurant in Manila at the time, which enabled him to finish college. Tony Tan Caktiong, another Chinese immigrant, is the brains behind this popular food chain. The cheerful tagline “langhap sarap” – a Jollibee trademark – is well-known among Filipinos. Get a handle on this ever-changing industry with our Fashion Management course. Today, the fashion industry looks somewhat different to when Henry Sy founded his humble shoe store. As a result, he was one of the world’s wealthiest men.
Sy’s legacy lives on today in his many SM malls and other acquired businesses. Sy, who died in 2019 at the age of 94, was survived by his family. Despite being unable to find vendors that could make the shoes he wanted, Sy persisted. This is where the name “Shoe Mart” originates: it was Manila’s first shoe store at the time. Sy, on the other hand, continued to pursue his entrepreneurial interests by selling worn military combat boots and other items to American soldiers. Shortly after, World War II broke out and ruined the family business. Due to the challenges in their home country, they moved to the Philippines in 1936 and opened a tiny convenience shop in Manila. Henry Sy grew up in Jinjang, Xiamen, China, in a low-income household. SM started modestly and from humble beginnings, despite its now upmarket reputation. It provides a wide range of services, including shopping, theatres, locations for date nights, parties and other special occasions, ice skating, and food courts. It is now a well-loved institution of which many Filipino families hold fond memories. Shoe Mart, or SM for short, is one of the country’s retail behemoths, and far more than just a mall. The Top 12 Most Successful Entrepreneurs in the Philippines 1.
Milagros, Clarita, and Doris Leelin (Goldilocks)
Cecilio Kwok Pedro (Lamoiyan Corporation)
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