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Vincent Tan’s Berjaya Food set to expand in Brunei

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NEWS COVERAGE
Vincent Tan’s Berjaya Food set to expand in Brunei
Date: 18 June 2024
Publication: New Straits Times, Malaysia

KUALA LUMPUR: Berjaya Food Berhad (BFood), which continues to face challenges with its Malaysian Starbucks franchise, is expanding its food and beverage (F&B) business by introducing the South Korean bakery café, Paris Baguette, to Brunei.

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BFI signs LOI with Paris Baguette Singapore to operate Paris Baguette in Brunei Darussalam

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NEWS COVERAGE
BFI signs LOI with Paris Baguette Singapore to operate Paris Baguette in Brunei Darussalam
Date: 18 June 2024
Publication: The Sun Daily, Malaysia

BFI to enter a JV with Brunei partner to open Paris Baguette in Brunei, targeted for Q4 2024.
KUALA LUMPUR: Berjaya Food International Sdn Bhd (BFI), a subsidiary of Malaysia’s Berjaya Food Bhd (BFood), has signed a letter of intent with Paris Baguette Singapore to bring the popular South Korean bakery cafe, Paris Baguette, to Brunei. The first store is expected to open by the fourth quarter of this year.

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BFood suffers RM30mil Q2 net loss as Starbucks boycott bites

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NEWS COVERAGE
BFood suffers RM30mil Q2 net loss as Starbucks boycott bites
Date: 23 May 2024
Publication: Free Malaysia Today

PETALING JAYA: Berjaya Food Bhd (BFood) fell into the red for its second straight quarter, suffering a net loss of RM29.76 million for the third quarter ended March 31 (Q3 FY2024) as an ongoing boycott of its Starbucks Malaysia coffee chain wreaked havoc on its sales.

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Berjaya Food incurs second straight quarterly loss in 3Q, expects improved performance in next quarter

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NEWS COVERAGE
Berjaya Food incurs second straight quarterly loss in 3Q, expects improved performance in next quarter
Date: 23 May 2024
Publication: The Edge Malaysia

KUALA LUMPUR (May 23): Berjaya Food Bhd (KL:BJFOOD) or BFood incurred a net loss of RM29.76 million for the third quarter ended March 31, 2024 (3QFY2024), its second straight quarterly loss amid lower revenue because of an ongoing boycott of its franchised coffee chain Starbucks Malaysia over the current Middle East conflict.

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Starbucks Malaysia operator BFood posts Q3 net loss as boycott continues to bite

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NEWS COVERAGE
Starbucks Malaysia operator BFood posts Q3 net loss as boycott continues to bite
Date: 23 May 2024
Publication: New Straits Times

KUALA LUMPUR: Berjaya Food Bhd (BFood) reported a net loss of RM29.76 million in the third quarter (Q3) ended March 31, 2024 from a net profit of RM15.94 a year ago.

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Tycoon Vincent Tan reported to be looking at Berjaya Food buyout

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Tycoon Vincent Tan reported to be looking at Berjaya Food buyout
Date: 10 April 2024
Publication: Malay Mail

KUALA LUMPUR, April 10 — Berjaya Group founder Tan Sri Vincent Tan is considering taking Berjaya Food Bhd, the parent company of Starbucks in Malaysia, private, Bloomberg reported yesterday.

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Berjaya Food rises on news of potential buyout by Vincent Tan

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NEWS COVERAGE
Berjaya Food rises on news of potential buyout by Vincent Tan
Date: 9 April 2024
Publication: The Edge Malaysia

KUALA LUMPUR (April 9): Berjaya Food Bhd’s (BFood) share price climbed as much as 6.5% on Tuesday after Bloomberg reported the company’s substantial shareholder Tan Sri Vincent Tan as considering taking the Starbucks coffee chain operator private.

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BFood’s share price jumps on news Vincent Tan may take the Starbucks Malaysia operator private

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NEWS COVERAGE
BFood’s share price jumps on news Vincent Tan may take the Starbucks Malaysia operator private
Date: 9 April 2024
Publication: New Straits Times

KUALA LUMPUR: Starbucks Malaysia operator Berjaya Food Bhd’s (BFood) share price jumped as much as 8 per cent to 67 sen today, on news that Malaysian tycoon Tan Sri Vincent Tan Chee Yioun may take it private.

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Vincent Tan said to weigh taking Berjaya Food private

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NEWS COVERAGE
Vincent Tan said to weigh taking Berjaya Food private
Date: 9 April 2024
Publication: The Edge Malaysia

(April 9): Malaysian tycoon Tan Sri Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd private, according to people with knowledge of the matter.

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Tycoon Tan Is Said to Weigh Starbucks Malaysia Owner Buyout

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NEWS COVERAGE
Tycoon Tan Is Said to Weigh Starbucks Malaysia Owner Buyout
Date: 9 April 2024
Publication: Bloomberg

Malaysian tycoon Vincent Tan is considering taking Kuala Lumpur-listed Berjaya Food Bhd. private, according to people with knowledge of the matter.

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Tycoon Tan Is Said to Weigh Starbucks Malaysia Owner Buyout Read More »