Fashion
Singapore based Sia Huat and Myanmar based distributor Premium Distribution Co Ltd are looking into connecting food services brands worldwide with restaurants and hotels in Myanmar.
They have already invested $1 million in Myanmar.
The two have joined hands to form S&P Foodservice Distribution Co Ltd that opened a showroom in Yangon to better communicated with Myanmar’s food and beverages, hospitality and travel industry.
Products include tableware, kitchenware and hygiene units.
“The food & beverage industry in Myanmar is booming. We expect a strong demand for products that improve operations, food safety and quality, said Miki Ow, general manager of S&P.
S&P is poised to bring some of the world’s top brands including Cerabon, Safico, Giesser, Atlantic Chef to the market and to have access to over 300 professional kitchen equipment suppliers.
S&P’s current customers in Myanmar include hotels such as Novotel, Sedona, Parkroyal and franchise brands like Harry’s Bar, Yakun and some restaurants.
Germany’s Metro Group, a wholesale retail group is planning a foray into two markets – Myanmar and Iran – by the end of 2016.
Metro Group with its brands, deals with wholesale trade mainly for food and consumer electronics. They are also one of the largest specialist online discounters in Germany.
“Myanmar is benefiting from opening up politically and has a high growth potential,” said Olaf Koch, CEO of Metro Group. Iran became free for the sanctions, they are thinking to examine what opportunities Iran will offer.
The company’s preparations for the extension of its cash and carry business are in progress. METRO Cash and Carry is in 25 countries across Europe and Asia with 750 stores. They deal with about 20,000 food items and 30,000 non-food items.
“We’ll decide by the end of the year which way our journey is headed,” said Koch.
