SM Investments Corporation, also known as SM Group, is a Philippineconglomerate with interests in shopping mall development and management, retail, real estate development, banking, and tourism. Founded by Henry Sy, it has become one of the largest conglomerates in the Philippines, 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.
History
In 1958, Henry Sy started his first company, ShoeMart, a small shoe store in Carriedo, Manila. 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. 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. By 2005, the SM Investments Corporation was inaugurated. In April 2017, SMIC appointed Jose Sio as CEO.
Subsidiaries
;Retail
SM Markets - a chain of food retail stores consisting of SM Supermarket, SM Hypermarket and Savemore.
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, Kultura, Baby Company, Sports Central, Pet Express, Miniso, Watsons, Uniqlo, etc.
;Banking
Banco De Oro -one of the largest banks in the Philippines
China Banking Corporation - the first privately owned local commercial bank in the Philippines. SM owns 30% of the company.
SM Development Corporation - 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, OneE-com Center and Mall of Asia Arena. 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 Seaside City Arena in SM Seaside City Cebu in Cebu City. 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.
;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.
MyTown - Dormitories owned by Philippines Urban Living Solutions, Inc.
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 initiatives. Carried out in all 40 SM malls nationwide, SM Cares' CSR projects cover environmental conservation, and assistance to customers of SM malls with special needs such as the disabled, special children, the elderly and nursing mothers.
