Aeon’s Myanmar bid highlights supermarket uncertainty

Japanese retail giant Aeon’s ambitions in Myanmar’s lucrative retail sector have highlighted uncertainty about what foreign firms are allowed to do as far as trading is concerned, with local industry heads calling for more clarity and a level playing field for domestic and international players. Aeon has provided most of the US$8.1 million in capital […]

Rents Hardly ‘Convenient’ for Rangoon’s Corner Stores

Rangoon’s skyrocketing property prices are putting the squeeze on a young convenience store sector that depends on already-thin profit margins as domestic operators try to establish a footing before the expected entrance of more foreign competition. In Rangoon, domestic convenience stores began popping up just two years ago, with City Mart Holdings, Myanmar Indo Best […]

Supermarket entrepreneur City Mart eyes expansion

At June’s World Economic Forum on East Asia in Nay Pyi Taw, business news channel CNBC dubbed Daw Win Win Tint, managing director of City Mart Holdings, “Myanmar’s Supermarket Queen”. But by her own account, Daw Win Win Tint’s rise to retail royalty was more accident than preordained accession. Enthused by Myanmar’s nascent economic liberalisation […]