Singaporean Retailer Looks to Expand into Burma
18 September 2012
Parkson Retail Asia Ltd, a Singapore-listed company with 54 stores across Southeast Asia, is hoping to find new opportunities to expand in Burma, according to a report by Reuters. The company said it was planning to apply lessons learned from doing business in another developing country, Vietnam, to help its ventures in Burma succeed.“We are dealing with a country with a huge population and very little services provided. Retail is still very much, compared to neighboring countries like Vietnam, in the backwaters,” said Parkson’s group managing director, Alfred Cheng.