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SM Investments Corporation
SM Investments Corporation, SM Investments, or SMIC, is a holding company with interests in shopping mall development and management, retail, real estate development, banking, and tourism, founded by Henry Sy, Sr. It has become one of the largest conglomerates in the Philippines,〔(HOME - SM Investments Corporation ) 〕 being the country's most 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.
==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.〔("Sm Energy Co (SM:New York)" ). ''Business Week''.〕
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. 〔http://www.smprime.com/smprime/?p=508〕 By 2005, the SM Investments Corporation was inaugurated.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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