Yoma to snap up YKKO for $12.6m

Conglomerate Yoma Strategic will acquire a 65 percent-stake in Myanmar restaurant chain YKKO in a deal worth US$12.6 million. YKKO – formally known as Yankin Kyay Oh Group of Companies – was founded in 1988. It has humble beginnings as a small, family-run restaurant in Yangon’s Yankin but now boasts 37 outlets in the three […]

Burger King Sets up Second Store at New Domestic Terminal

Myanmar is getting its first ever publicly-accessible Burger King outlet, although whopper-enthusiasts will have to make their way to Yangon International Airport’s new domestic terminal to slake their hunger. The new Asia World-built domestic terminal – T3 – opened yesterday, with the first flights scheduled to take off later this week, according to Asia World. […]

KFC to open in Mandalay

Kentucky Fried Chicken’s expansionist designs on Myanmar will forge ahead in 2017, with branches set to open in Mandalay, Yangon and two yet-to-be-announced locations. KFC Myanmar administration director JR Ching told The Myanmar Times that since the first KFC in Yangon opened in July 2015, there are now seven branches in the city. Three more are slated to open […]

Burger King finds new throne at Yangon International Airport

A new king has been crowned at Yangon International Airport. Global fast-food giant Burger King opened its doors in Terminal 1 on July 1 – marking its first entry into Myanmar. The airport outlet’s launch follows similar bids made by fast-food rivals KFC and Pizza Hut – both Yum! Brands franchises – into the local […]