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SM Investments Corporation
Company typePublic
PSE: SM
IndustryConglomerate
Founded1958; 66 years ago (1958), in
Manila, Philippines[1]
FounderHenry Sy
Headquarters10th Floor, One E-Com Center, Harbor Drive Mall of Asia Complex, CBP-IA, Pasay, Philippines[2]
Area served
Philippines
Key people
Jose Sio (Chairman Emeritus)
Amando Tetangco Jr. (Chairman of the Board)
Teresita Sy-Coson (Vice Chairperson of the Board)
Frederick Dy Buncio (President and CEO)
SubsidiariesSM Prime Holdings
SM Retail
SM Land
BDO Unibank
and other subsidiaries
WebsiteSM Investments Corporation

SM Investments Corporation (SMIC), also known as SM Group, is a Filipino conglomerate with interests on various sectors, mostly on shopping mall development and management, retail, real estate development, banking, and tourism.[3][4] Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines,[5] being the country's dominant player in retail with 208 stores nationwide. Of these, 47 are SM Department Stores; 38 are SM Supermarkets; 37 are SM Hypermarkets, and 86 are SaveMore branches.

It is the largest company in the Philippines in terms of market capitalization, and has repeatedly ranked as the top Philippine company in the Forbes Global 2000.[6][7]

History

In 1958, Henry Sy Sr. started his first company, ShoeMart (SM), a small shoe store in Carriedo, Manila, Philippines. He initially focused on buying large supplies of shoes from the United States. His business expanded as he transformed his shoe store into a department store.[8]

At this point, Sy set up his second company, SM Department Store Inc., and began selling stocks to department stores. In 1978, he began buying supermarkets at the northern end of EDSA in Quezon City. During the 90s when he opened SM Megamall, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc.[9] By 2005, the SM Investments Corporation was inaugurated.

In April 2017, SMIC appointed Jose Sio as CEO.[10]

Subsidiaries

Retail

Main article: SM Retail
Banking
Property

Main articles: SM Prime Holdings and SM Supermalls
Lifestyle Entertainment
Leisure
Mining
Hotels and Convention Centers
Education
Gaming
Other Investments and Affiliations

Dissolved

Social involvement

SM Foundation

SM Foundation is the corporate responsibility arm of the SM Group of Companies. The foundation has various areas of advocacy: education, scholarship programs, building schools, disaster response, health care, medical missions, mobile clinics, and religious community projects.

SM Cares

SM Cares is a program created to consolidate and coordinate all of SM Prime's corporate social responsibility (CSR) initiatives. Carried out in all SM malls nationwide, SM Cares' CSR projects cover environmental conservation (energy, air and water), and assistance to customers of SM malls with special needs such as the disabled, special children, the elderly and nursing mothers.[26]

References

  1. ^ "SMIC". Archived from the original on August 8, 2016.
  2. ^ "SM Investments Corporation". sminvestments.com. Retrieved January 23, 2019.
  3. ^ "SM Company Profile (from PSE website)". Archived from the original on May 26, 2011.
  4. ^ The S.M. Group International Inc., Investing Businessweek, September 25, 2010.
  5. ^ "Home - SM Investments Corporation". Archived from the original on May 1, 2009.
  6. ^ "SM Investments on the Forbes Global 2000 by Hans Sy, Jr. List". Forbes. Retrieved February 16, 2017.
  7. ^ "The World's Biggest Public Companies". Forbes. Retrieved February 16, 2017.
  8. ^ "Sm Energy Co (SM:New York)". Business Week.
  9. ^ "SM Prime Holdings -". smprime.com. Retrieved January 23, 2019.
  10. ^ Dumlao-Abadilla, Doris (April 27, 2017). "SM Investments names Sio as new chair, replacing Henry Sy". business.inquirer.net. Retrieved April 27, 2017.
  11. ^ "Uniqlo to open first PH store in June at SM MOA". ABS-CBN News.
  12. ^ "Gentree Fund is setting aside $40 million to invest in companies entering The Philippines". Entrepreneurship News, Community, and Resources | BEAMSTART. Retrieved July 14, 2021.
  13. ^ "Mall of Asia Arena | About Mall of Asia Arena". mallofasia-arena.com. Archived from the original on May 24, 2012. Retrieved January 13, 2022.
  14. ^ Nalzaro, Bobby (January 23, 2017). "Nalzaro: SM to cancel multi-billion projects". Sun.Star Cebu. Sun.Star Cebu. Retrieved February 6, 2019.
  15. ^ Limpag, Mike T. (January 25, 2017). "Limpag: Fans dream of arena foiled by politics". Sun.Star. Sun.Star. Retrieved February 6, 2019.
  16. ^ a b c d e f g "Equity Investments". SM Investments Corporation.
  17. ^ "From local shoe shop to global conglomerate: Henry Sy's list of companies". ABS-CBN News.
  18. ^ "About APC". APC.edu.ph.
  19. ^ a b c d "Investor Presentations - SM Investments Corporation". SM Investments Corporation. Retrieved August 28, 2023.
  20. ^ "Belle Corporation". Retrieved August 28, 2023.
  21. ^ "Portfolio Investments". SM Investments Corporation.
  22. ^ "Homepage - Airspeed". Retrieved August 28, 2023.
  23. ^ "About Us: Atlas Consolidated Mining and Development Corporation". Retrieved August 28, 2023.
  24. ^ Marichu A. Villanueva (June 16, 2023). "Regulating the regulators". The Philippine Star. Retrieved August 26, 2023.
  25. ^ "About Us - NEO". Retrieved August 30, 2023.
  26. ^ "About SM Cares - Let's do Our Share | SM Supermalls". www.smsupermalls.com. Archived from the original on January 6, 2013. Retrieved January 13, 2022.

External links

PSE Composite Index companies of the Philippines
SM Prime
Categories