Magnolia is a food and beverage brand owned by San Miguel Corporation (SMC) and used by its various subsidiaries. The brand was commercially established by SMC (then known as San Miguel Brewery) as an ice cream brand in 1925.

The history of the Magnolia brand can be traced back to 1899 when an American by the name of William J. Schober arrived in the Philippines as a cook in the United States Army. After the Philippine–American War, Schober would remain in the Philippines and introduced the “magnolia pie”, “magnolia ice cream” and “magnolia ice-drop”. In 1925, Schober sold his “magnolia” business interests to SMC (then known as San Miguel Brewery). Schober would move on to establish Legaspi Garden Restaurant at Pier 7, Port Area, Manila (the location is now the headquarters of Philippine Coast Guard), behind the Manila Hotel.

In 1996, SMC transferred its ice cream and milk businesses to a new company, Magnolia-Nestlé Corporation, a joint-venture with Nestlé. SMC retained ownership of the Magnolia brand since it was also being used by other SMC products. SMC also retained ownership of the Aurora Boulevard property. In 1998, SMC withdrew from the Magnolia-Nestlé venture and a non-compete clause barred it from the ice cream and milk businesses for five years. Upon the expiration of the non-compete clause in 2004, SMC revived its ice cream and milk businesses through its subsidiary, Magnolia, Inc.