The Metro Group is set to form a new joint venture in Myanmar, in partnership with Singapore-based YOMA Strategic Holdings.
The JV – to be called Metro Wholesale Myanmar Ltd – will see the German group holding an 85% stake, with Yoma holding the rest. Neither group said how much they plan to invest on the JV, nor did they offer a timeline for the launch.
The new entity will create a distribution platform that will target HoReCa sector, offices, and independent small retailers. Reports said the JV will offer more than 3,300 food and non-food items.