Myanmar supermarket challenges local markets with fresh produce

Most of Myanmar’s middle class still depends on local markets for fresh fruit and vegetables, but the country’s biggest retailer is trying to change this. Since last year, supermarket operator City Mart Holdings has been offering fresh, direct-from-farm produce after beefing up its cold-transport joint venture with Japanese trading house Sojitz. It also announced in […]

Premium Distribution and Trust Venture Partners Announce Investment in UniVege

Premium Distribution, one of Myanmar’s largest wholesalers, and leading financial advisor Trust Venture Partners (TVP) are pleased to announce a newly formed joint venture which will fully acquire the business of hydroponic plant grower Provide Advanced Technology (PAT). The food tech startup was set up by Japanese entrepreneurs and grows organic salad and vegetables. PAT […]

Food2U raises six-digit investment

Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reported quoting sources familiar with the development. Premium Distribution is known to be backed by City Mart Holdings, Myanmar’s icon in the retail industry. It imports and distributes products including brands […]

What potential does Myanmar offer food exporters?

The boom in tourism in Myanmar has inflated local demand for international food brands, while the local food manufacturing base remains very limited in scope. Tourism is expected to continue to grow after the country’s first democratically elected government came into power in April. Myanmar’s ministry of hotels and tourism announced a record 4.6m international tourists […]

S&P off to healthy start in Yangon amid boom in the F&B industry

S&P Foodservice Distribution has witnessed a good start in Yangon, securing contracts from 50 restaurants and hotels for the supply of a range of tableware, kitchenware and other items in the first two months of operations in Myanmar’s largest city. And the outlook is bright thanks to optimism after the country’s recent democratic election, said […]

Government to charge wine distributor

Executives of wine importer Premium Distribution will stand trial and face a possible prison term after a government investigation revealed the company was unable to produce an import licence for about 80,000 bottles of wine stored at its warehouse in Yangon, officials said. On December 4, a task force from the Ministry of Commerce raided […]

Govt Crackdown on Imported Alcohol Intensifies, to Concern of Retailers

YANGON — In the past week, the Ministry of Commerce has intensified its crackdown on what it deems illegally imported alcohol, sparking further unrest among retailers, including Myanmar’s biggest supermarket chain City Mart. Most retailers have now stopped sales of foreign booze out of fear for being raided, leading to a shortfall of liquor supplies […]