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Yoma to snap up YKKO for $12.6m

Conglomerate Yoma Strategic will acquire a 65 percent-stake in Myanmar restaurant chain YKKO in a deal worth US$12.6 million. YKKO – formally known as Yankin Kyay Oh Group of Companies – was founded in 1988. It has humble beginnings as a small, family-run restaurant in Yangon’s Yankin but now boasts 37 outlets in the three […]

Myanmar’s hero was killed here. Now U.S. brands are setting up stalls.

The Secretariat, a building in Myanmar’s former capital where the independence hero Aung San was assassinated in 1947, is a powerful touchstone for the country’s history and identity. Next week, the Secretariat’s grounds are scheduled to host a night bazaar promoting ties between Myanmar and the United States, with Krispy Kreme doughnuts and other American […]

Krispy Kreme enters Yangon, heating up competition

For generations, Krispy Kreme has been serving doughnuts and coffee in America. Now the chain has decided to enter Myanmar, setting up its first store in Yangon on September 16. The North Carolina-headquartered firm with roots in the United States has been in operation since 1937. U Thu Rein Lin, Krispy Kreme Myanmar CEO, highlighted […]

Yangon travel app hits Android

Yangon travel application meant to spotlight the city’s heritage and push wanderers off the beaten path is coming to Android. Hong Kong-based social enterprise Urban Discovery has had a Yangon-focused iDiscovery city walk application available on iOS since November 2014. Starting in 2013, the company began offering application-based tours across a handful of different locations […]

US chain Krispy Kreme aims to fill the local doughnut hole

Fried chicken, pizza and now doughnuts – Myanmar’s bellies will soon be fuller with American fare, as famed US doughnut chain Krispy Kreme has revealed plans to roll into the market. The firm announced a development agreement on August 25 with Singapore’s Doughnut Group Pte Limited to bring 10 Krispy Kreme stores to Myanmar in […]