Aeon to open a shopping mall in Yangon in 2023

06 April 2020
Aeon to open a shopping mall in Yangon in 2023
Aeon logo. Photo: EPA

Japan’s largest retailer Aeon is to open a shopping mall in Yangon in 2023, retailnews.asia reported.

The Japanese retailer will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture in the country this year.

The new Aeon shopping mall will target Myanmar’s middle class, which is predicted to increase significantly during the next few years.

The opening plan is part of the group’s strategy to strengthen its position in the Southeast Asian market. Aeon Group generated US$315 million profit from the region’s operations in the fiscal year to February last year.