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Company type | Public |
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PSE: SM | |
Industry | Conglomerate |
Founded | 1958 Manila, Philippines [1] | , in
Founder | Henry Sy |
Headquarters | 10th 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) |
Subsidiaries | SM Prime Holdings SM Retail SM Land Banco de Oro and other subsidiaries |
Website | SM 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]
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 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 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]
SM Supermalls, also simply known as SM is a chain of shopping malls owned by Philippines-based SM Prime. As of October 2023, it has a total of 93 malls. It was also formerly known as Shoemart.
The Mercury Drug Corporation, better known as Mercury Drug, is a Filipino pharmacy chain. A subsidiary of the Mercury Group of Companies, it is headquartered in Bagumbayan, Quezon City. The chain was founded in Santa Cruz, Manila in 1945, making it the second oldest drugstore chain in the Philippines after Southstar Drug by eight years. As of 2017, Mercury Drug has over 1,000 branches nationwide and over 50 percent of the Philippine pharmaceutical retail market.
Henry Tan Chi Sieng Sy Sr. was a Filipino businessman, investor, and philanthropist.
SM Prime Holdings, Inc. (SMPH) is a Filipino integrated property developer and a public subsidiary of SM Investments Corporation. It was incorporated on January 6, 1994, to develop, conduct, operate, and maintain the SM commercial shopping centers and all businesses related thereto, such as the lease of commercial spaces within the compound of shopping centers. It went public on July 5, 1994, and subsequently grew to become the largest company listed on the Philippine Stock Exchange in terms of revenue. The company's main sources of revenues primarily include rental income from mall and food courts, as well as from cinema ticket sales and amusement income.
SM Mall of Asia, is a large shopping mall in the Philippines, located at Bay City, Pasay, Philippines, within the SM Central Business Park, a reclaimed area within Manila Bay, and the southern end of Epifanio de los Santos Avenue (EDSA).
SM Southmall, is a large shopping mall in the Philippines, owned and operated by SM Prime Holdings. The mall is located along the busy Alabang-Zapote Road in Las Piñas. The mall has 200,000 m2 (2,200,000 sq ft) of land area, a total floor area of 205,120 m2 (2,207,900 sq ft) and a gross built-up area of 189,676 m2 (2,041,660 sq ft). It is currently the 7th largest SM Supermall in the Philippines after SM Mall of Asia, SM North EDSA, SM Megamall, SM Seaside City, SM City Fairview and SM City Cebu.
The PSE All Shares Index is the stock index in the Philippine Stock Exchange (PSE) in which all of the stocks traded are included in computations of the level of the index. It should not be confused with the PSE Composite Index which is a weighted index of 30 of the top companies on the PSE.
SM City Cebu, is a large shopping mall located in Mabolo, Cebu City, Philippines. It is the 4th shopping mall owned and developed by SM Prime Holdings, the country's largest shopping mall owner and developer. It is the company's first shopping mall in the Philippines outside of Metro Manila and the fifth largest shopping mall in the Philippines. It has a land area of 11.8 hectares and a gross floor area of 268,611 m2 (2,891,300 sq ft)
SM City Clark is a large shopping mall owned and operated by SM Prime Holdings, Inc. It is located along M.A. Roxas Highway in Clark Freeport, Angeles City, Philippines. It is the second SM supermall in the province of Pampanga after SM City Pampanga in City of San Fernando and Mexico, Pampanga. It is the largest shopping mall in Luzon outside NCR after its expansion and renovation.
SM Aura, is a large upscale shopping mall located at McKinley Parkway corner 26th Street, Bonifacio Global City, Taguig, Philippines, owned by SM Prime Holdings, the country's largest mall developer. It is the 13th SM Supermall in Metro Manila and 47th SM Prime mall in the Philippines. It was the 2nd SM Supermall to be called "Premier" after SM Lanang. The shopping center is situated near its rival mall Market! Market!, owned by Ayala Malls, a real estate subsidiary of Ayala Land, and affiliate of Ayala Corporation. It is designed by EDGE Interior Designers and Arquitectonica.
The SMX Convention Center Manila is a convention center located in Pasay, Philippines. It is the largest private venue in the Philippines for trade events, industry conventions, corporate functions, and international exhibitions. The building is located beside the SM Mall of Asia, and is considered part of the Mall of Asia Complex. It is owned by the company of the same name.
Metro Pacific Investments Corporation (MPIC) is a Philippine-based unit investment holding company of First Pacific Company Limited through Metro Pacific Holdings, Inc. MPIC through its subsidiaries, provides water, sanitation, and sewerage services and also operates in real estate, and infrastructure projects. It also invests in some hospitals in the Philippines.
SM Seaside City, is a large shopping mall owned and developed by SM Prime Holdings in South Road Properties, Cebu City, Philippines. The mall opened on November 27, 2015, exactly 22 years after SM City Cebu, another mall also owned by SM Prime in Cebu City, opened in 1993.
Teresita Tan Sy-Coson is a Filipina businesswoman, the daughter of Henry Sy. The vice chairwoman of SM Investments Corporation (SMIC)—one of the Philippines' largest publicly-traded holding companies with interests in retail, banking, property and portfolio investments, She is also the chairwoman of BDO Unibank, Inc. (BDO), the Philippines' largest bank in terms of total resources, capital, loans, total deposits, and assets-under-management as of the end of 2015.
DMCI Homes, Inc. is the real estate arm of DMCI Holdings through its wholly owned subsidiary DMCI Project Developers, Inc. (PDI). It was incorporated and registered with the Securities and Exchange Commission (SEC) on April 27, 1995. It ranked #146 in the Business World Top 1000 Corporations for 2014.
SM Lanang, is an indoor four-story shopping mall in Lanang, Davao City, Philippines along Jose P. Laurel Avenue and within S.P Dakudao loop. It was the first SM Supermall to be called "Premier"(now discontinued). The mall is owned by Henry Sy, Sr. and managed by SM Prime Holdings. Construction of the mall started in 2011 and opened to the public on September 28, 2012, on the site of the former Lanang Golf and Country Club.
All Day Convenience Store is a convenience store division of All Value Holdings Inc., a subsidiary of the Villar Group of Companies owned by a Filipino entrepreneur and former Philippine senator, Manny Villar. All Day Convenience Store was the former Finds Convenience Store Inc., an experimental business of Villar, which was established in 2008 with an initial 40 branches in Metro Manila.
Walter Mart is a Filipino chain of community shopping malls located in Metro Manila, Central, and South Luzon. The chain operates its anchor stores that include Walter Mart Supermarket, Walter Mart Cinemas, Abenson Appliances, Abenson Home Furniture, Electroworld, and SB Furnitures. Filipino retail stores such as Watsons, Ace Hardware, and W Department Store are also occupying most of Walter Mart's branches.
Aboitiz Equity Ventures (AEV) is a Philippine holding company based in Metro Manila, with roots from Cebu City. The conglomerate operates in six major industries: Power, Banking and Financial Services, Food, Infrastructure, and Data Science and Artificial Intelligence. In 2017, the company was ranked 1793rd on the Forbes Global 2000. In 2022, AEV ventured into transforming its organization into a "Techglomerate" - a faster, stronger, and better version of a conglomerate. A techglomerate can refer to a startup tech company that has grown into a conglomerate or a legacy conglomerate that has used technology and startup culture to radically transform the way it behaves and operates. AEV is the latter of the two.
SM Retail Inc. is a retail holding company based in Pasay, Philippines. It is a subsidiary of the conglomerate SM Investments Corporation. SM Retail has been a member of the International Association of Department Stores since 2009.