SM Investments Corporation - History and Company profile (overview)

Companies History

15 Apr 202402:14

Summary

TLDRSM Investments Corporation, also known as SM Group, is a major Philippine conglomerate with interests in retail, banking, property, and other sectors. Founded by Henry Sy Sr. in 1958 as a small shoe store in Manila, SM has grown into a massive enterprise with businesses in malls, hotels, supermarkets, and one of the country's largest banks, BDO Unibank. SM Prime Holdings is a leading property developer in Southeast Asia. The corporation also invests in logistics, gaming, food, and natural resources, making it one of the world's largest public companies, according to Forbes.

Takeaways

🏢 SM Investments Corporation, also known as SM Group, is a major conglomerate based in the Philippines.
📚 The company's history began in 1958 with Henry Sy Sr. opening a small shoe store in Manila, which later evolved into a department store.
🛍️ The brand name was simplified to 'SM' in 1976, reflecting the company's growth and diversification.
🏦 In 1978, Henry Sy Sr. acquired Acme Savings Bank, which was renamed BDO Unibank, one of the largest banks in the country.
🛒 The 1990s saw the opening of SM Mega Mall and the listing of SM Prime Holdings on the Philippine Stock Exchange.
🏗️ SM Prime Holdings is a significant player in Southeast Asia's property development, focusing on malls, residences, offices, hotels, and convention centers.
🛒 SM Retail is a leading retailer in the Philippines, operating department stores, supermarkets, and specialty stores across the nation.
🏦 The banking arm of SM Group includes BDO Unibank and China Banking Corporation, the first local commercial bank in the Philippines.
💼 SM Investments also extends to other sectors like logistics, gaming, leisure, food manufacturing, natural resources, dormitories, and office properties.
🌐 SM Investments Corporation is recognized as one of the largest conglomerates in the Philippines and among the largest public companies globally by Forbes.

Q & A

What is SM Investments Corporation also known as?
-SM Investments Corporation is also known as SM Group.
In which year was the first company of SM Group founded?
-The first company of SM Group was founded in 1958 by Henry Sy Sr.
What was the original business of SM Group?
-The original business of SM Group was a small shoe store in Carvajal Street, Manila.
What was the original name of the company and when did it change to SM?
-The original name of the company was Shoemart, which changed its brand name to the simpler SM in 1976.
Which bank did Henry Sy Sr. acquire and what was its later name?
-Henry Sy Sr. acquired Acme Savings Bank, which was later named Banco de Oro.
In what year was SM Mega Mall opened?
-SM Mega Mall was opened in the 1990s.
When was SM Prime Holdings listed on the Philippine Stock Exchange?
-SM Prime Holdings was listed on the Philippine Stock Exchange by 2005.
What are the main business sectors of SM Group?
-The main business sectors of SM Group are property, retail, banking, and equity investments.
What is the significance of SM Prime Holdings in the property development sector?
-SM Prime Holdings is one of the largest integrated property developers in Southeast Asia, engaging in the development of malls, residences, offices, hotels, and convention centers.
Which are the major banking businesses under SM Group?
-The major banking businesses under SM Group are BDO Unibank and China Banking Corporation.
What are some of the other sectors that SM Investments invests in?
-SM Investments also invests in sectors such as logistics, gaming and leisure, food manufacturing, natural resources, dormitories, office properties, and others.
How is SM Investments Corporation ranked in terms of size according to Forbes?
-According to Forbes, SM Investments Corporation is considered one of the largest conglomerates in the Philippines and one of the largest public companies in the world.

Outlines

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🏦 SM Investments Corporation Overview

SM Investments Corporation, also known as SM Group, is a major conglomerate based in Manila, Philippines. The company operates in various sectors, including retail, banking, and property. Its origins trace back to 1958 when founder Henry Sy Sr. started a small shoe store in Manila, which eventually expanded into a full-service department store, rebranded as SM in 1976. In the same period, Henry Sy Sr. began acquiring businesses, including Acme Savings Bank (later renamed BDO) and several supermarkets, laying the foundation for the conglomerate it is today.

🏢 Expansion and Growth of SM Group

SM Group’s growth accelerated in the 1990s with the opening of SM Mega Mall and the public listing of SM Prime Holdings on the Philippine Stock Exchange. By 2005, SM Investments Corporation was formally established. The company has since expanded into various sectors, with a particular focus on property, banking, and equity investments. The group's key property business, SM Prime Holdings, is one of Southeast Asia's largest integrated property developers, involved in the development of malls, residences, offices, hotels, and convention centers.

🛒 SM's Diverse Business Portfolio

SM Retail has become one of the Philippines' largest retailers, operating a wide range of department stores, supermarkets, and specialty shops nationwide. In addition to retail, SM Group has built a substantial banking presence, with BDO Unibank being one of the largest banks in the country, and China Banking Corporation recognized as the first local commercial bank. SM Investments Corporation's portfolio also spans into various other industries, including logistics, gaming and leisure, food manufacturing, natural resources, and more.

🌍 SM Investments' Global Standing

Today, SM Investments Corporation is regarded as one of the largest conglomerates in the Philippines and ranks among the largest public companies in the world, according to Forbes. The company's diverse business interests, ranging from retail and banking to logistics and leisure, have cemented its position as a key player in multiple industries. To learn more about SM and other global brands, viewers are encouraged to visit company.com. Additionally, viewers are invited to like and subscribe for more content.

Mindmap

Keywords

💡SM Investments Corporation

SM Investments Corporation, also known as SM Group, is the main subject of the video. It is a large conglomerate based in the Philippines with investments across various sectors, including retail, banking, and property. The video highlights the company's evolution from a small shoe store to one of the largest companies in the country.

💡Henry Sy Sr.

Henry Sy Sr. is the founder of SM Investments Corporation. His entrepreneurial journey began in 1958 with a small shoe store in Manila, which eventually grew into the vast SM Group. His story reflects the company's rise from humble beginnings to becoming a conglomerate.

💡Retail

Retail is one of the primary sectors in which SM Investments Corporation operates. The video mentions that SM Retail is one of the largest in the Philippines, with a portfolio that includes department stores, supermarkets, and specialty stores, making it a core part of the conglomerate’s business.

💡Banking

Banking is another key sector for SM Group. The video explains how Henry Sy Sr. acquired Acme Savings Bank in 1976, which later became BDO Unibank, one of the largest banks in the Philippines. This investment demonstrates the diversification of SM's business interests.

💡BDO Unibank

BDO Unibank, formerly Acme Savings Bank, is a crucial part of SM Group's banking portfolio. It is mentioned as one of the largest banks in the Philippines, emphasizing the conglomerate's significant presence in the financial industry.

💡SM Prime Holdings

SM Prime Holdings is the property development arm of SM Investments Corporation. The video highlights it as one of Southeast Asia’s largest integrated property developers, involved in building malls, residences, offices, and convention centers. This shows SM Group's strong influence in real estate.

💡Conglomerate

A conglomerate refers to a large company that owns multiple diverse businesses. SM Investments Corporation is described as a conglomerate with interests in various sectors, including retail, banking, property, and other industries such as logistics, gaming, and food manufacturing.

💡Philippine Stock Exchange

The Philippine Stock Exchange (PSE) is where SM Prime Holdings was listed in the 1990s. This is significant as it marks the company's formal entry into the public market, allowing it to raise capital and expand its businesses.

💡Supermarkets

Supermarkets represent another area of SM’s retail expansion. The video mentions Henry Sy Sr.'s acquisition of supermarkets in Quezon City during the 1970s, which contributed to the growth of the SM retail empire.

💡SM Mega Mall

SM Mega Mall is a landmark shopping mall opened by SM Group in the 1990s. It symbolizes the company's expansion in the retail space and its dominance in the mall development sector. The mall’s success played a key role in the growth of SM Prime Holdings.

Highlights

SM Investments Corporation, also known as SM Group, is a conglomerate with investments in retail, banking, and property.

Headquartered in Manila, Philippines, the company's origins date back to 1958, when Henry Sy Sr. started a small shoe store.

The company evolved from a shoe store into a full-service department store, rebranding to SM in 1976.

In 1978, Henry Sy Sr. acquired Acme Savings Bank, later renamed BDO Unibank, which became one of the country's largest banks.

In the 1990s, SM Megamall opened, and SM Prime Holdings was listed on the Philippine Stock Exchange.

SM Prime Holdings is one of the largest integrated property developers in Southeast Asia, developing malls, residences, offices, hotels, and convention centers.

SM Retail is one of the largest retailers in the Philippines, with a nationwide portfolio of department stores, supermarkets, and specialty stores.

BDO Unibank and China Banking Corporation form the core of SM Group's banking business, with BDO being one of the largest banks in the Philippines.

China Banking Corporation is the first local commercial bank in the Philippines.

SM Investments also has investments in sectors such as logistics, gaming and leisure, food manufacturing, natural resources, dormitories, office properties, and more.

SM Group's business model integrates multiple industries, ensuring dominance across key sectors in the Philippines.

SM Investments Corporation was officially established in 2005, consolidating the company's various businesses.

According to Forbes, SM Investments Corporation is one of the largest public companies in the world.

SM's business empire began with a small shoe store and expanded into a vast conglomerate under the visionary leadership of Henry Sy Sr.

SM continues to grow and is considered one of the largest conglomerates in the Philippines, shaping key industries across the country.