Retail News CRM

Tag: Yoma

  • Singapore’s Yoma and METRO join hands for wholesale distribution in Myanmar

    Singapore’s Yoma and METRO join hands for wholesale distribution in Myanmar

    Singapore listed Yoma Strategic Holdings Ltd has partnered with Germany’s METRO GROUP, the international wholesale and food retail company is to establish an integrated wholesale distribution platform in Myanmar, the company announced on February 24.

    A new entity, METRO Wholesale Myanmar Ltd aims to “address the evolving needs of the local professional customers” for those who demand quality supplies.

    Yoma Strategic will hold a 15 per cent stake in the new business and the remaining 85 per cent will be taken by METRO.

    “METRO Myanmar will leverage on METRO’s procurement capabilities and Yoma Strategic’s existing logistics, warehousing and fleet leasing businesses to fast track its growth,” as mentioned in the release.

    METRO Myanmar is looking at improving the whole supply chain in the country.

    They will be offering more than 3,300 food an non-food items to customers like hotels, restaurants and independent small retailers.

    In Myanmar, retailers need to source their products in different ways from local distributors and importers and METRO is looking at creating a one-stop wholesale distribution platform. One popular wholesale center is named as Gandamar wholesale and is said to be supported by military backed Union of Myanmar Economic Holdings. We are confident that our partnership with METRO will bring global know-how in modern wholesale distribution and contribute to bringing reliable and safe food to the people in Myanmar,” said Melvyn Pun, CEO of Yoma Strategic.

    The wholesale and food specialist company operates in 35 countries with sales reaching about Euro 37 billion in 2015-16.

    Their B2B wholesale division METRO Cash & Carry serves across Europe and Asia to hotels, restaurants, small retail and catering firms. Just in recent years, they started to upgrade their competence in the hospitality industry, specifically, in the food service distribution work.

    Lees ook:

    Lees ook:

  • Yoma to distribute Mitsubishi cars in Myanmar

    Yoma to distribute Mitsubishi cars in Myanmar

    Mainboard-listed Yoma Strategic Holdings announced on Wednesday a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar.

    The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of Mitsubishi cars and spare parts. It will also take over the running of two Mitsubishi Motors After-Sales Service Centres set up in 2013 and currently being operated by Yoma.

    The joint venture will also operate the first Mitsubishi Motors showroom in Yangon, which opened on Tuesday. Said Mr Melvyn Pun, Yoma Strategic CEO: “The joint venture with Mitsubishi Corporation formalizes our collaboration in developing the Mitsubishi Motor business in Myanmar over the past year.” “Our automotive segment is experiencing strong growth, and we are confident that the Mitsubishi Motors business will contribute meaningfully in the medium term.”

    Yoma said that since the Myanmar government announced a relaxation of vehicle import regulations in 2011 as a part of its “democratisation” policy, the number of used vehicles from Japan has seen a notable increase, making Myanmar the number one destination for used vehicles from Japan in 2014. Import regulations for new vehicles have also been gradually eased since 2012 with the Myanmar government announcing the approval of new vehicle imports and sales by joint ventures established between Myanmar and foreign companies, the company said.

    These developments are expected to generate further growth in the Myanmar vehicle market, it said. Yoma Strategic already has several partnerships with Mitsubishi Corporation, including an elevator related business, a tyre business and the operation of the Mandalay International Airport.

    Lees ook: