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SM Investments 

“Market Cap $12.76 B As of May 2014

At a Glance
  • Industry: Department Stores
  • Founded: 1960
  • Country: Philippines
  • CEO: Harley Sy
  • Website: www.sminvestments.com
  • Employees: 81,653
  • Sales: $5.78 B
  • Headquarters: Pasay City
Forbes Lists

#963 Global 2000

  • #1510 in Sales
  • #931 in Profit
  • #1368 in Assets
  • #878 in Market value
Profile

SM Investments Corp. is a holding company, which is engaged in property development and mall operation. It operates through the following segments: Shopping Mall Development, Retail, Real Estate Development, Hotels and Conventions, and Financial Services. The Shopping Mall Development segment constructs, operates and maintains shopping centers. The Retail segment trades merchandise, such as dry goods, apparels and foods. The Real Estate Development segment involves transformation of residential, commercial, entertainment and tourism districts. The Hotels and Conventions segment operates hotels and resorts. The Financial Services segment includes asset management and capital investments. The company was founded by Henry Sy, Sr. on January 15, 1960 and is headquartered in Pasay, Philippines.

“SM Investments History

In 1958, Sy’s first company, Shoemart (SM), started 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, Sy began buying supermarkets at the northern end of EDSA in Quezon City. By the time he built his first mall, SM City North EDSA in 1994, his companies were listed in the Philippine Stock Exchange, SM Prime Holdings Inc.  By 2005, the SM Investments Corporation was inaugurated.”

*Information from Forbes.com and Wikipedia.org

**Video published on YouTube by “SM Supermalls