Win Win Tint
Source of wealth: City Mart Holding, Pahtama Group
Address: No.G/1/5, Aung San Stadium (South Wing), Kun Chan Rd, Sanchaung Tsp, YANGON
Business: Supermarkets & Stores, Supercenters, Bakeries & Café, Book Stores, Pharmacies, Shopping Centers, Maternity and Babies Stores, Trading, Construction, Agribusiness
Entrepreneur Win Win Tint has built one of Myanmar’s most recognised and successful retail chains, City Mart Holding (CMHL).
CMHL became an icon in the country’s retail industry, earning her the title, “Myanmar’s Supermarket Queen.”
“Myanmar’s retail standards are still low when compared with other regional markets so the Myanmar Retailers Association’s mission is to advocate, innovate and educate.”
Win Win Tint is the founder member and MD of City Mart Holding Company Limited and the chair of Myanmar Retailers Association. She is also a co-founder of Pahtama Group, a leading consumer products distributor in Myanmar.
City Mart Holdings (CMHL) is among the largest retail chains in Myanmar, employing over 8,000 people. After taking over her family supermarket in 1996, Win Win Tint, at the age of just 21, served as the general manager. Despite difficult political and economic conditions, she managed the company and built the single-store operation into one of Myanmar’s leading retail chains with seven hypermarkets, 22 supermarkets, 28 upscale bakeries and 52 convenience stores.
The City Mart Group is one of the most recognizable and successful brands in Myanmar. Over time, CMHL has become a market leader in Myanmar’s grocery industry as well as an acclaimed icon in Myanmar’s retail industry, expanding into other retail trades including coffee shops, bakery, convenience stores, baby stores, bookstores and pharmacies. In June 2013, Win Win Tint’s success earned her the title of “Myanmar’s Supermarket Queen”, during the World Economic Forum on East Asia, hosted in Naypyitaw.
After most of the economic sanctions against Myanmar were lifted, multinationals such as Unilever and Coca-Cola started operations in Myanmar, easing supply problems. As the Yangon-Mandalay highway significantly reduced distribution times, Win Win Tint secured her place among the country’s top executives and was crowned a ‘Young Global Leader’ at the 2013 World Economic Forum. CMHL received an award in women leadership category as the most admired ASEAN Company, in an awards ceremony organised by the ASEAN Business Council.
Having claimed leadership in the retail sector, City Mart is drawing substantial interest from foreign firms seeking to enter Myanmar. The attractiveness of City Mart is enhanced by City Mart’s and Win Win Tint’s lack of the “crony” label. The label has often been associated with entrepreneurs who prospered through their relations with the junta military regime. Win Win Tint, her company and its executives have never been on the US Treasury’s Specially Designated Nationals blacklist. The clean record is helped by City Mart ensuring all its stores opened with no price increase, particularly in the aftermath of Cyclone Nargis in 2008.
Win Win Tint’s other company is the Pahtama Group. Since its establishment in 1997, the Pahtama Group has grown into the exclusive distributor for several multi-national companies in Myanmar, including Kelloggs, Abbott Laboratories, Cerebos and P&G. Pahtama Group has a complex distribution network that allows it to deliver quality products around Myanmar, raising citizens’ living standards.
The World Bank’s IFC has offered CMHL a US$25 million loan to help City Mart expand and boost Myanmar’s retail sector. The expansion is expected to create new jobs directly and indirectly along the supply chain.
CMHL plans to utilise the funds over three years to establish new hypermarkets and 20 new supermarkets around Myanmar. The company claims it will grow its purchases from local suppliers to US$150 million per annum by 2021, adding 4,000 jobs down the supply chain.
CMHL ranks in 23rd for the fiscal year 15/16 Income Tax Ranking in Myanmar, and eighth for the Commercial Tax Ranking Myanmar Index.
Presently, Win Win Tint serves as Myanmar Retailer Association’s president. In a recent interview, she commented about the prospects for Myanmar’s retail sector, saying that “We estimate that there are over 200,000 retailers across the country, including many large players but also many smaller stores that require additional exposure and know-how to grow.” She advised the new government of Myanmar to consider the implication of allowing foreign investors to operate in the trading, retailing and services industries.