SM Investments Corporation (SMIC), also known as SM Group, is a Filipinoconglomerate with interests in 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.
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]
SM Markets - a chain of food retail stores consisting of SM Supermarket, SM Hypermarket and Savemore.
SM Store - a department store
Walter Mart - a shopping mall owned by a joint venture between SM and a local company.
Alfamart - a convenience store owned by a joint venture between SM and an Indonesian company.
Specialty Stores - SM operates leading local retail chains such as Ace Hardware, SM Appliances, Homeworld, Our Home, Toy Kingdom (International Toyworld Inc.), Kultura, Baby Company, Sports Central, Pet Express, Miniso, Watsons, Uniqlo,[11] etc.
Gentree Fund - a venture capital fund investing in early-stage all the way to pre-IPO companies.[12]
Banking
BDO Unibank - one of the largest banks in the Philippines
ChinaBank - the first privately owned local commercial bank in the Philippines - (SM owns 30% of the company)
SM Development Corporation (SMDC) - is a residential property developer which focuses on the premium middle market. SMDC now operates SM Residences and MPlace.
Mall of Asia Complex - is an alternative business and tourism district, as well as the home of the SM Mall of Asia, SMX Convention Center (the largest private venue in the Philippines), OneE-com Center and Mall of Asia Arena (one of the largest private sports venues in the Philippines). The Mall of Asia Complex occupies 60 hectares of land along the coast of Manila Bay, offering locations for business, tourism, retail, and leisure projects.
OCLP Holdings - the parent of Ortigas & Company Limited Partnership. Since November 2014, the consortium of SM Investments and the family of Francisco Ortigas has owned 37% of the holding.
Lifestyle Entertainment
SM Cinema - includes Director's Club Cinema, IMAX Theatre, WM Cinemas, Blink, ePlus, and Snack Time.
SM Skating
SM Bowling and Leisure Center
Exploreum
SM Tickets
SM Mall of Asia Arena is a venue which hosts concerts and other big events, opened on June 16, 2012. Its seating capacity is 16,000 and it hosted the 2013 FIBA Asia Championship. It is one of the largest arenas in the Philippines. In 2013, the SM Group announced that there will be another arena named SM Seaside Arena in SM Seaside City in Cebu City.[13] However, in January 2017, SM decided to cancel its plans to build the arena due to the alleged attacks by the Cebu City mayor, Tomas Osmeña against the project.[14][15]
SM Food Court
SM Appliance Center
Leisure
Costa del Hamilo Inc - is a large-scale eco-tourism project to develop in phases 5,700 hectares of land by the sea in Nasugbu, Batangas into a network of coastal resort communities.
Highlands Prime, Inc. - is a residential developer in Tagaytay Highlands, a mountainside resort and residential complex.
Mining
Atlas Consolidated Mining and Development Corporation - is engaged in gold mining operations.[16]
Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor's entertainment city.[16] - (SM owns 27%)
Other Investments
2GO - supply chain operating in shipping, freight, warehousing and express delivery.[16] - (SM owns 52.9%)
CityMall - commercial centers owned by a joint venture between SM and DoubleDragon Properties Corp.[16]
Goldilocks - a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years.[16] - (SM owns 74%)
MyTown - Dormitories owned by Philippines Urban Living Solutions, Inc.[16]
Philippine Geothermal Production Company (PGPC) - geothermal development company owned by Allfirst Equity Holdings (AEH) [16] - (SM owns 100%)
United Infrastructure Corporation - infrastructure development company owned by a joint venture between SM and ABS-CBN Corporation.[16] - (SM owns 75.9%)
Dissolved
Pilipinas Makro - A former warehouse club that most of its locations were converted to SM Hypermarket and SM Savemore.
Supersale Club - A former annex that was located northeast of the SM North EDSA Complex. (The site of the building is now The North Towers)
Equitable PCI Bank - A former bank which later merged with BDO.
Social involvement
SM Foundation is the corporate responsibility arm of the SM Group of Companies. The foundation has various areas of advocacy: education, scholarship programs, building schoolhouses, a mall-based outreach program, health care, medical missions, mobile clinics, hospital activity centers 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.[19]
^"SM Prime Holdings -". smprime.com. Retrieved January 23, 2019.
^Dumlao-Abadilla, Doris (April 27, 2017). "SM Investments names Sio as new chair, replacing Henry Sy". business.inquirer.net. Retrieved April 27, 2017.
^"Uniqlo to open first PH store in June at SM MOA". ABS-CBN News.
^"Gentree Fund is setting aside $40 million to invest in companies entering The Philippines". Entrepreneurship News, Community, and Resources | BEAMSTART. Retrieved July 14, 2021.
^. mallofasia-arena.com. Archived from the original on May 24, 2012. Retrieved January 13, 2022.
^Nalzaro, Bobby (January 23, 2017). "Nalzaro: SM to cancel multi-billion projects". Sun.Star Cebu. Sun.Star Cebu. Retrieved February 6, 2019.
^Limpag, Mike T. (January 25, 2017). "Limpag: Fans dream of arena foiled by politics". Sun.Star. Sun.Star. Retrieved February 6, 2019.
^ abcdefghi"Equity Investments". SM Investments Corporation.
^"From local shoe shop to global conglomerate: Henry Sy's list of companies". ABS-CBN News.
^. www.smsupermalls.com. Archived from the original on January 6, 2013. Retrieved January 13, 2022.
External links
Media related to SM Investments Corporation at Wikimedia Commons
Official website
SM Prime Holdings website
July 23, 2023
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This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources SM Investments news newspapers books scholar JSTOR January 2011 Learn how and when to remove this template message This article contains content that is written like an advertisement Please help improve it by removing promotional content and inappropriate external links and by adding encyclopedic content written from a neutral point of view September 2022 Learn how and when to remove this template message This article may contain excessive or inappropriate references to self published sources Please help improve it by removing references to unreliable sources where they are used inappropriately September 2022 Learn how and when to remove this template message Learn how and when to remove this template message SM Investments Corporation SMIC also known as SM Group is a Filipino conglomerate with interests in 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 SM Investments CorporationTypePublicTraded asPSE SMIndustryConglomerateFounded1958 65 years ago 1958 in Manila Philippines 1 FounderHenry Sy Sr Headquarters10th Floor One E Com Center Harbor Drive Mall of Asia Complex CBP IA Pasay Philippines 2 Area servedPhilippinesKey peopleJose Sio Chairman Frederic DyBuncio President and CEO SubsidiariesSM Prime HoldingsSM RetailSM LandBanco de Oroand other subsidiariesWebsiteSM Investments CorporationIt 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 Contents 1 History 2 Subsidiaries 2 1 Dissolved 3 Social involvement 4 References 5 External linksHistory EditIn 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 EditRetailMain article SM Retail SM Markets a chain of food retail stores consisting of SM Supermarket SM Hypermarket and Savemore SM Store a department store Walter Mart a shopping mall owned by a joint venture between SM and a local company Alfamart a convenience store owned by a joint venture between SM and an Indonesian company Specialty Stores SM operates leading local retail chains such as Ace Hardware SM Appliances Homeworld Our Home Toy Kingdom International Toyworld Inc Kultura Baby Company Sports Central Pet Express Miniso Watsons Uniqlo 11 etc Gentree Fund a venture capital fund investing in early stage all the way to pre IPO companies 12 BankingBDO Unibank one of the largest banks in the Philippines ChinaBank the first privately owned local commercial bank in the Philippines SM owns 30 of the company PropertyMain articles SM Prime Holdings and SM Supermalls SM Supermalls the shopping malls of SM Investments Corporation is operated by its subsidiary SM Prime Holdings SM Development Corporation SMDC is a residential property developer which focuses on the premium middle market SMDC now operates SM Residences and MPlace Mall of Asia Complex is an alternative business and tourism district as well as the home of the SM Mall of Asia SMX Convention Center the largest private venue in the Philippines OneE com Center and Mall of Asia Arena one of the largest private sports venues in the Philippines The Mall of Asia Complex occupies 60 hectares of land along the coast of Manila Bay offering locations for business tourism retail and leisure projects OCLP Holdings the parent of Ortigas amp Company Limited Partnership Since November 2014 the consortium of SM Investments and the family of Francisco Ortigas has owned 37 of the holding Lifestyle EntertainmentSM Cinema includes Director s Club Cinema IMAX Theatre WM Cinemas Blink ePlus and Snack Time SM Skating SM Bowling and Leisure Center Exploreum SM Tickets SM Mall of Asia Arena is a venue which hosts concerts and other big events opened on June 16 2012 Its seating capacity is 16 000 and it hosted the 2013 FIBA Asia Championship It is one of the largest arenas in the Philippines In 2013 the SM Group announced that there will be another arena named SM Seaside Arena in SM Seaside City in Cebu City 13 However in January 2017 SM decided to cancel its plans to build the arena due to the alleged attacks by the Cebu City mayor Tomas Osmena against the project 14 15 SM Food Court SM Appliance CenterLeisureCosta del Hamilo Inc is a large scale eco tourism project to develop in phases 5 700 hectares of land by the sea in Nasugbu Batangas into a network of coastal resort communities Highlands Prime Inc is a residential developer in Tagaytay Highlands a mountainside resort and residential complex MiningAtlas Consolidated Mining and Development Corporation is engaged in gold mining operations 16 Hotels and Convention CentersSM Hotels Conrad Manila in Pasay Taal Vista Hotel in Tagaytay City Pico Sands Hotel in Nasugbu Pico de Loro Radisson Blu Hotel in Cebu Park Inn by Radisson in Davao Park Inn by Radisson in Clark Park Inn by Radisson in North Edsa Park Inn by Radisson in Iloilo SMX Convention Center SMX is a convention center used for hosting conventions seminars and conferences SM Mall of Asia complex in Pasay opened on November 26 2007 SM Lanang in Davao City opened on September 12 2012 SM Aura in Taguig City opened on May 17 2013 SM City Bacolod opened in September 2014 SM Seaside City opened on 2015 SM City Clark BMegatrade Hall in Mandaluyong Cebu Trade Hall in Cebu CityEducationNational University at Manila a private non sectarian coeducational institution in Manila 17 Asia Pacific College a joint venture between SM and IBM Philippines 18 GamingBelle Corporation is Henry Sy s foray into the gaming industry in the Philippines hoping to capitalize on the future of Pagcor s entertainment city 16 SM owns 27 Other Investments2GO supply chain operating in shipping freight warehousing and express delivery 16 SM owns 52 9 ABS CBN Corporation broadcasting company and media concessionaire owned by Lopez Holdings Corporation 16 SM owns 57 9 CityMall commercial centers owned by a joint venture between SM and DoubleDragon Properties Corp 16 Goldilocks a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years 16 SM owns 74 MyTown Dormitories owned by Philippines Urban Living Solutions Inc 16 Philippine Geothermal Production Company PGPC geothermal development company owned by Allfirst Equity Holdings AEH 16 SM owns 100 United Infrastructure Corporation infrastructure development company owned by a joint venture between SM and ABS CBN Corporation 16 SM owns 75 9 Dissolved Edit Pilipinas Makro A former warehouse club that most of its locations were converted to SM Hypermarket and SM Savemore Supersale Club A former annex that was located northeast of the SM North EDSA Complex The site of the building is now The North Towers Equitable PCI Bank A former bank which later merged with BDO Social involvement EditSM Foundation is the corporate responsibility arm of the SM Group of Companies The foundation has various areas of advocacy education scholarship programs building schoolhouses a mall based outreach program health care medical missions mobile clinics hospital activity centers and religious community projects SM CaresSM 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 19 References Edit SMIC Archived from the original on August 8 2016 SM Investments Corporation sminvestments com Retrieved January 23 2019 SM Company Profile from PSE website Archived from the original on May 26 2011 The S M Group International Inc Investing Businessweek September 25 2010 HOME SM Investments Corporation Archived May 1 2009 at the Wayback Machine SM Investments on the Forbes Global 2000 by Hans Sy Jr List Forbes Retrieved February 16 2017 The World s Biggest Public Companies Forbes Retrieved February 16 2017 Sm Energy Co SM New York Business Week SM Prime Holdings smprime com Retrieved January 23 2019 Dumlao Abadilla Doris April 27 2017 SM Investments names Sio as new chair replacing Henry Sy business inquirer net Retrieved April 27 2017 Uniqlo to open first PH store in June at SM MOA ABS CBN News Gentree Fund is setting aside 40 million to invest in companies entering The Philippines Entrepreneurship News Community and Resources BEAMSTART Retrieved July 14 2021 Mall of Asia Arena About Mall of Asia Arena mallofasia arena com Archived from the original on May 24 2012 Retrieved January 13 2022 Nalzaro Bobby January 23 2017 Nalzaro SM to cancel multi billion projects Sun Star Cebu Sun Star Cebu Retrieved February 6 2019 Limpag Mike T January 25 2017 Limpag Fans dream of arena foiled by politics Sun Star Sun Star Retrieved February 6 2019 a b c d e f g h i Equity Investments SM Investments Corporation From local shoe shop to global conglomerate Henry Sy s list of companies ABS CBN News About APC APC edu ph 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 Edit Media related to SM Investments Corporation at Wikimedia CommonsOfficial website SM Prime Holdings website Retrieved from https en wikipedia org w index php title SM Investments amp oldid 1162975650, wikipedia, wiki, book, books, library,
