Aeon to enter Myanmar

Date : 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 capitalised at US$ 8.1 million.

The new company will take over 14 supermarkets under the Orange chain, a retail arm of Creation, which mainly operates in Yangon. It will begin opening new stores by the end of the year. The stores will carry Aeon's private-label merchandise made in Thailand and elsewhere.

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