The Tantoco family-led SSI Group Inc. is feeling the strain from weaker consumer spending as inflation, fuel shocks and tighter household budgets push shoppers toward discounts while weighing on luxury purchases.
SSI Group, the Philippines’ largest upscale retailer with over 100 global brands, saw earnings slump in 2025 in the wake of a crackdown on corruption-ridden flood control projects that weighed on demand for luxury goods.
The Tantoco family’s SSI Group, one of the country’s biggest retailers of luxury and designer goods, posted a sharp earnings downturn for the first nine months of 2025 as operating costs rose and sales momentum slowed.