Starbucks Boycott In Malaysia Pushes Tycoon Vincent Tan's Berjaya Food To Record Loss
1. Berjaya Food reported a record net loss of 292 million ringgit. 2. Revenue plummeted 64% to 477 million ringgit due to customer loss. 3. Starbucks outlets in Malaysia decreased to 320 from 408 in June 2024. 4. Ongoing Middle East conflict impacts customer spending patterns. 5. The company is diversifying into international markets for growth.