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German store Metro eyes expansion in Myanmar

THOUGH some multinational companies are still hesitant about investing in Myanmar, Germany’s Metro AG’s bold entry into the market has yielded satisfactory returns, said Jens Michel, chief executive of Metro Wholesale Myanmar. In an exclusive interview with The Nation, Michel said Metro was looking into expanding to Mandalay, Nay Pyi Taw, Taunggyi and other prominent […]

Metro’s Myanmar subsidiary secures US$20m IFC loan

The Myanmar subsidiary of German retail group Metro AG has raised a US$20m loan from the International Finance Corporation, the private-sector arm of the World Bank. The subsidiary Metro Wholesale Myanmar is a 85pc-15pc joint venture between Frankfurt-listed Metro AG and Singapore-listed Yoma Strategic Holdings, offering one-stop wholesale food service distribution for hotels, restaurants, retailers, […]

Four retail-wholesale JVs permitted to operate

Six months after allowing foreign investors to register and participate in the domestic retail and wholesale sector in May, the Ministry of Commerce (MOC) has so far permitted four joint ventures between foreign and local investors Under notification 25/2018 issued on May 9, the MOC allowed 100 percent foreign-owned businesses to operate in the retail […]