SM Investments Corporation (SMIC), also known asSM Group, is aFilipinoconglomerate with interests in various sectors, mostly in shopping mall development and management,retail,real estate development, banking, and tourism.[4][5] Founded byHenry Sy, it has become one of the largest conglomerates in thePhilippines,[6] 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.[9]
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 ofEDSA in Quezon City. During the 90s when he opened SM Megamall, his companies were listed in thePhilippine Stock Exchange,SM Prime Holdings Inc.[10] By 2005, the SM Investments Corporation was inaugurated.
In April 2017, SMIC appointed Jose Sio as CEO.[11]
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 asAce Hardware, SM Appliances, Homeworld, Our Home,Toy Kingdom (International Toyworld Inc.), Kultura, Baby Company, Sports Central, Pet Express,Miniso,Watsons,Uniqlo,[12] etc.
Gentree Fund – a venture capital fund investing in early-stage all the way to pre-IPO companies.[13]
SM Development Corporation (SMDC) – is a residential property developer which focuses on the premium middle market.
Mall of Asia Complex – is an alternative business and tourism district, as well as the home of theSM Mall of Asia,SMX Convention Center (the largest private venue in the Philippines), E-com Center andSM 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.
SM Cinema – includes Director's Club Cinema,IMAX Theatre, WM Cinemas, Blink, ePlus, and Snack Time.
SM Skating
SM Game Park
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 the2013 FIBA Asia Championship. It is one of the largest arenas in the Philippines.
SM Seaside Arena, the company's second arena is located inCebu City.[14] Plans for the arena were first made in 2013, but were reportedly canceled in 2017,[15][16] but were eventually resumed later on. The arena is slated to open by 2025.
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.
Belle Corporation is Henry Sy's foray into the gaming industry in the Philippines, hoping to capitalize on the future of Pagcor'sentertainment city. It is the developer of leisure and tourism destinations in the country.[20][21][17] – (SM owns 27%)
2GO - supply chain operating in shipping, freight, warehousing and express delivery.[22] - (SM owns 67.2%)
Airspeed - an express courier company.[20][23] - (SM owns 51%)
Atlas Consolidated Mining and Development Corporation - mining company with significant holdings of Philippine mineral resources.[20][24] - (SM owns 34.1%)
CityMall - commercial centers owned by a joint venture between SM and DoubleDragon Properties Corp.[17] - (SM owns 34%)
Goldilocks - a leading Filipino bakeshop heritage brand trusted by Filipino consumers for over 50 years.[17] - (SM owns 74%)
MyTown - Dormitories owned by Philippines Urban Living Solutions, Inc.[17] - (SM owns 71.3%)
National Grid Corporation of the Philippines (NGCP) - privately owned power transmission company established in January 15, 2009 through Republic Act (RA) 9511 that took over fromNational Transmission Corporation (TransCo) underDepartment of Energy (DOE) of thePhilippine government during theadministration ofPresidentGloria Macapagal Arroyo which privatized the operations, maintenance, management, expansion, construction, and eminent domain of the Philippine power grid and its related assets and facilities. It is the temporary owner of grid components and their exact lands or locations, pedestals, and rights-of-ways (ROWs) which are specific portions of a power line acquired and designated since its turnover from TransCo at the said date of January 2009. Assuming it secures a renewal, NGCP has a 50-year concession period from January 15, 2009 to December 1, 2058. It is 30% owned by SM Group (other 30% with Filipino-Chinese businessman Robert Coyiuto), in joint venture with theState Grid Corporation of China (SGCC) which has the rest of constitutionally mandated maximum foreign allowable percentage of 40% of the total voting eligible shareholdings.[25][26]
Neo - is the owner, developer, and manager of the Philippines' top certified green buildings located inBonifacio Global City.[20][27] - (SM owns 95% in Neo Subsidiaries and 34% in Neo Associates)
Philippine Geothermal Production Company (PGPC) - geothermal development company owned by Allfirst Equity Holdings (AEH)[17] - (SM owns 100%)
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.[28]
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