MANILA (6th UPDATE)—Retail tycoon Henry Sy Sr. has passed away, ABS-CBN News confirmed Saturday. He was 94.

“With deep sadness, I would like to inform the group that our beloved Chairman Tatang, Mr. Henry Sy Sr, passed away peacefully in his sleep early Saturday morning. Please pray for the eternal repose of his soul,” Steven Tan, SM Supermalls COO, said in a statement.

Read more: https://news.abs-cbn.com/business/01/19/19/retail-tycoon-henry-sy-sr-passes-away