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SM Development Corporation, a subsidiary of Philippine company SM Investments

SM Investments Corporation (SMIC), also known as SM Group, is a Philippineconglomerate with interests in 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.