Starbucks Operator, Berjaya Food, Suffers Nearly RM30 MILLION Loss as Boycott Movements Continue

The ongoing boycott movements have no doubt brought a major loss to many organisations, and Starbucks is among the worst-hit brands. Starbucks operator,

Berjaya Food Bhd also suffers a huge loss and in a recent statement, BFood revealed how much of a loss they are facing.

“Starbucks’ income dropped by almost half to RM138.65 million after facing a continuous boycott campaign following the conflict in West Asia,” BFood said. The decrease in income and loss before excise was also due to a one-off loss rather than the disposal of the group entity’s equity interest in the Jollibean Foods Pte Ltd.

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