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Starbucks Malaysia Faces RM292M Loss Amid Boycotts

8/29/2025

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Summary

Story summary

Berjaya Food, which operates Starbucks in Malaysia, reported a net loss of RM292 million for the year ending June, tripling from last year.
Revenue fell 36% to RM477 million, affected by consumer boycotts related to the Gaza conflict.
Impairment charges due to outlet downsizing reached RM152.8 million.
Starbucks CEO Brian Niccol reaffirmed the company's neutrality amid claims of supporting Israel.

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Story summary

Berjaya Food, which operates Starbucks in Malaysia, reported a net loss of RM292 million for the year ending June, tripling from last year.
Revenue fell 36% to RM477 million, affected by consumer boycotts related to the Gaza conflict.
Impairment charges due to outlet downsizing reached RM152.8 million.
Starbucks CEO Brian Niccol reaffirmed the company's neutrality amid claims of supporting Israel.