Irrawaddy-Sept 2

German wholesale food distribution company Metro is ending its operations in Myanmar due to the volatile business environment. Metro is the latest international company to leave the country following the military’s February 1 coup. The company currently employs 131 people in Myanmar. It announced on Wednesday that it will terminate its operations by October. The wholesaler said that the reason for discontinuing its business in Myanmar is due to the volatile investment and business environment, which is expected to continue for some time. Last month, US pretzel company Auntie Anne’s and the Taiwan bubble tea franchise KOI The’ also left Myanmar. The Norwegian telecommunications group Telenor announced on July 8 that it had agreed to sell its Myanmar operation. Metro operates in 34 countries worldwide. The company generated annual sales of €7 million in Myanmar in 2019-2020.

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