Feb 27, 2015

City Mart Director Listed in Forbes’ Asia’s 50 Power Businesswomen

Forbes Magazine has listed Myanmar businesswoman Win Win Tint, managing director of Myanmar’s largest retailer City Mart Holdings, in its fourth annual Asia’s 50 Power Businesswomen list.

The list appeared in the March issue of Forbes Asia.

“Asia’s 50 Power Businesswomen list showcases a year of accomplishments by the region’s female entrepreneurs and executives,” the magazine said. “To make the list, candidates have to be active in the upper echelons of the business world in Asia, wield significant power and have access to robust financial resources.”

It is the first time that a Myanmar businesswoman is included in the list.

Forbes said Win Win Tint, 39, “oversees 5,500 workers and says sales have grown 25 percent to 35 percent annually for the past 5 years, to near [US] $200 million.”

“Initially the family hired a professional manager for the business, but Win took over after three months and has steered the company for 18 years. She holds an accounting and business administration diploma from Singapore’s Thames Business School,” the magazine said of the female executive.

Forbes described City Mart as “a leading supplier to Myanmar’s stirring consumer market. From a single grocery store in 1996, the company has burgeoned to over 100 outlets, including 18 City Mart supermarkets, 7 huge Ocean Supercenters and 45 City Express Convenience stores, as well as bakeries, pharmacies, baby clubs and bookstores.”

The Irrawaddy included Win Win Tint in a top 10 of Myanmar women in the magazine’s December issue on ‘Movers and Shakers’ in 2014.

Source: The Irrawaddy