Myanmar news

12 June 2019
After the successful launch of Metro Wholesale Myanmar’s online store in March, the retailer plans to open in more locations. Strong performance leading to ambitious target The retailer opened an online store targeting corporate customers in March. The operation already has more than 300 HoReCa (hotels, restaurants and caterers) customers, with Metro delivering fresh and high quality food...
15 May 2019
Aeon Orange Thanlyn Sakura is opened in Yangon, Myanmar’s capital city, selling home electronics, clothing and other household items on top of foods. First hypermarket in the region The new hypermarket is 2,800 sq m, triple the size of its supermarket. In addition to grocery and general merchandise, there is a ready to eat selection of local dishes, salads and desserts in a 70 sq m dining a...
12 March 2019
German wholesaler Metro Group will be focusing on online sales for corporate customers and building a fresh food supply chain in Myanmar. First new market entry since 2010 The wholesaler has partnered with Yoma Strategic Holdings Ltd, a Singapore-listed company to launch the service. Myanmar is the 36 th country in the group’s network. 75% of the products will be locally sourced through pa...
27 February 2017
Metro Group has partnered with Singapore group, Yoma Strategic Holdings Ltd to enter Myanmar. Integrated wholesale platform The joint venture, of which Metro holds an 85% stake and Yoma a 15% stake, will establish an integrated wholesale distribution platform in Myanmar. The new venture will aim to provide quality supplies for local professional customers and hopes to also improve the whole...
06 October 2016
As Myanmar’s new government accelerates its efforts to open up the country's economy, it is attracting international brands and retailers. An expanding economy, rising incomes and the new middle class are fueling the growth of modern retail in the country. Aeon store debuted in Yangon Aeon, the first foreign entity to operate retail stores in the country, entered the market by set...
10 August 2016
Metro Group has announced it is considering entry into two markets, Myanmar and Iran. Growth plan for 2016 Metro's Cash & Carry business has been performing well, enjoying its 10th consecutive quarter of positive growth, with same store sales increasing by 0.2% in Q1 2015/16. Following this, the Group is studying the feasibility of launching in Iran and Myanmar via its Cash & Carry banner, ...
02 August 2016
Japanese retail giant Aeon will become the first foreign retailer to operate stores in Myanmar after the country’s democratic reforms in 2011. JV with local firm Aeon will create a Joint Venture company in August with Myanmar’s conglomerate Creation Myanmar Group of Cos. to co-operate supermarkets in the country. Aeon will provide the majority of the funding for the venture, which will be c...
21 April 2016
Wholesaler Siam Makro has announced plans to open new stores in Thailand, as well as invest in overseas expansion in 2016. New stores in Thailand, Cambodia, Laos and Vietnam Siam Makro, owned by Thai conglomerate CP ALL, will invest 9 billion baht (US$258 million) in opening 20 stores in Thailand this year, as well as expanding in South East Asia. Approximately a third of the money will be...
29 March 2016
The pan-Asian retail group Aeon Mall plans to expands its footprint in Asia by opening new shopping malls in Indonesia and Vietnam, and evaluating potential opportunities in Laos, Myanmar and Thailand. Plans to open nine new stores by 2020 Aeon Mall opened its first store in Indonesia in 2015 and the group is planning to open five new malls in Jakarta under its 2020 strategy. It will also a...
13 January 2016
City Mart Holding, Myanmar’s largest private retail group, will receive a US$25 million loan from the International Finance Corporation (IFC) to fuel City Mart's national expansion. Twenty new stores and improved retail standards City Mart Holdings (CMHL) operates 23 supermarkets under the City Mart and Ocean brands and more than 100 convenience stores nationwide. The IFC loan will help Cit...