A Starbucks outlet in Tawau fell victim to vandalism yesterday when its exterior wall was spray-painted with the phrases "free Palestine" and "boikot" (boycott).
Starbucks Malaysia is expected to see better performance in the third quarter of this year following a drop in revenue on the back of boycotts related to the Israel-Palestine war.
Popular coffee chain Starbucks Malaysia appears to have ceased operations at one of its outlets in the Klang Valley, amid news of its local franchise owner suffering a 38% drop in revenue last year.
Berjaya Food Berhad (BFood), the local franchise owner of popular premium coffee chain Starbucks, suffered a lower revenue of RM182.55 million for its second quarter, which ended on December 31 last year.
Boycotts in the United States and the Middle East over the Israel-Hamas war have cost international coffee chain Starbucks dearly, with quarterly earnings and revenue falling short of Wall Street estimates.
Fund had diversified investments amidst a resilient global economy and other favourable conditions last year, may face a challenging 2025 due to global political and economic uncertainties
