Berjaya Food announces losses, blames Starbucks boycott

Berjaya Food Berhad has announced a 38 percent drop in quarterly revenue year-on-year, due to a prolonged boycott against its main brand, Starbucks Coffee, amid the ongoing violence in Gaza.

After accounting for the disposal of its stakes in Jollibean Foods, Berjaya Food’s pre-tax loss for the six-month period ending Dec 31 is RM980,000.

This is in stark contrast to a...