Tycoon John Gokongwei Jr dies, 93

MANILA, Philippines – John L. Gokongwei Jr, the man who built one of the most diversified conglomerates in the Philippines, died Saturday night, November 9. He was 93.a Gokongwei-owned publication, reported this early Sunday, November 10, quoting a text message from Gokongwei's only son, Lance.

Gokongwei is also the founder of Robinsons Retail Holdings Incorporated , the second largest retailer in the country which features department stores, supermarkets, convenience stores, hardware stores, pharmacies, coffee chains, and specialty shops. "We, the 75,000-strong employees of JG Summit Holdings and Robinsons Retail Holdings, join the nation in paying tribute to the founder of the first Philippine multinational conglomerate, a philanthropist with a passion for education," said JG Summit and RRHI in a joint statement on Sunday.

The Management Association of the Philippines named him Man of the Year in 2017 “due to his business acumen and management qualities which steered the Gokongwei Group into remarkable growth through his foresight and exceptional ability to launch new ventures and transform existing ones to better adapt to challenging times and an unpredictable future.”

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