Myanmar is slowly opening to foreign retailers

Publication

10 September 2016 à 16h10

Updated on 10 January 2017 à 16h11

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1 minute

Publication: 10 September 2016 à 16h10, Updated on 10 January 2017 à 16h11

Reading time: 1 minute

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Publication

10 September 2016 à 16h10

Updated on 10 January 2017 à 16h11

Reading time

1 minute

Publication: 10 September 2016 à 16h10, Updated on 10 January 2017 à 16h11

Reading time: 1 minute

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In August, Japanese firm Aeon set up a joint venture with local firm “Creation” to launch supermarkets in Myanmar before December 2016 (capitalisation of US$8.1 million). The 1st Burger King opened in July at Yangon International Airport via a franchising agreement with Minor Food. It sells “Whopper” meals priced from US$8.5, a prime tariff for the local population. Rival KFC entered Myanmar (53 million inhab.) in 2015 via a franchising deal with Yoma Strategic and expects up to 12 outlets...

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