Metro Group has partnered with Singapore group, Yoma Strategic Holdings Ltd to enter Myanmar.
Integrated wholesale platform
The joint venture, of which Metro holds an 85% stake and Yoma a 15% stake, will establish an integrated wholesale distribution platform in Myanmar. The new venture will aim to provide quality supplies for local professional customers and hopes to also improve the whole supply chain in the country. More than 3,300 food and non-food items, as well as customised services, will be offered to customers through the new business.
Expertise of each company
Metro Myanmar will look to leverage Metro's procurement capabilities and Yoma's existing logistics and warehousing capabilities to fast track its growth. With operations in 35 countries, it is hoped that Metro Group's international experience will bring global know how in modern wholesaling distribution to the county. Work on a depot for wholesale distribution is scheduled to start in March 2017.