Information : SM Acquiring Major Share of Greenhills Shopping Complex

Is this good or bad news? When you say SM it has become synonymous with the words: mall and shopping. It has become an icon in the industry. But SM is getting to be a case of "anything that is too much or in excess is not good". A case in point is the proliferation of SM malls, SM Hypermarts and SM Save More retail shops in Metro Manila and its suburbs without any letup. 


Let's start from the southern side of the Metro. At Bicutan Exit you have SM Bicutan that is straddling the road, then at Sucat another bigger mall SM Sucat, then at Alabang Zapote road SM South Mall, SM Supercenter Muntinlupa, SM Molino, SM Damarinas, SM Bacoor, SM Sta Rosa and SM Calamba.
At the eastern side of the Metro, In Marikina : an SM Mall along the riverbank at Marcos Hiway, a few kilometers away is another SM Mall in Masinag at the boundary of Marikina and Antipolo and another SM Mall at Taytay. 


At the western side of the Metro, in Manila you have : SM Quiapo, SM Arroceros, SM Sta. Mesa, SM San Lazaro, SM Mall of Asia at nearby Pasay.
At the northern side of the Metro, in Quezon City you have : SM Cubao, SM City North, SM Fairview, SM Novaliches and farther north SM Valenzuela and SM Marilao.


In the central part of the Metro you have : SM Makati, SM Megamall, SM Podium.
And coming soon an SM Greenhills?


And in between these super malls, are the smaller SM Hypermarts and  SM Save More retails shops (which are much more than the malls in number), interspersed around or near these bigger malls.   I'm sure I missed some  SM branches in the list. They are to many to mention and these are just the ones in Metro Manila and suburbs.


Is SM becoming a monopoly in the Mall, Shopping and Retail industries? Will these SM malls, SM Hypermarts, and Save More retail shops expansions ever end? The proliferation of Save More retail outlets  in residential areas and secondary roads had definitely caused some  retail stores (mom and pop stores, mini marts and sari-sari stores) to close shop. And maybe with every closed store the demise of the entrepreneurial spirit of a struggling Filipino entrepreneur. Couldn't SM at least spare these areas for the small entrepreneurs? The SM theme song refrain is really an apt description of what they are doing : " We Got it All, We Got it All ( for you)".


Didn't SM founder Mr. Henry Sy Sr. started small as an entrepreneur with his shoe store after the war in Carriedo St, Quiapo, Manila? He was a lucky guy there was no "SM" yet during that time. 

SM Fairview

Here's the news on the Greenhills  SM acquisition :
Tycoon Henry Sy Sr. is finalizing a deal to acquire a majority stake in the privately held Ortigas property group in a transaction worth around $1 billion, seen as a potential “game-changing” move that will expand the SM group’s landbank in the metropolis and give it control of the 16-hectare Greenhills shopping complex. . . .


To read the complete news article please click link below :
http://business.inquirer.net/43807/sy-acquiring-ortigas-group-for-1b
News Source : http://business.inquirer.net/

Updates and Related News :
http://www.rappler.com/business/7820-ortigases-block-sys-from-acquiring-shares-in-their-property-firm
Ortigas family nixes SM offer, partners with Ayala :

http://www.philstar.com/Article.aspx?articleId=822337&publicationSubCategoryId=