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.
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.
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.
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.
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.
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.
Will tycoon’s ‘end boycott’ plea sweeten Berjaya Food’s Starbucks brew?
Date: 20 March 2024
Publication: The Edge Malaysia
This article first appeared in The Edge Malaysia Weekly on March 11, 2024 – March 17, 2024
WHEN breaking ground on the US$1.12 billion (RM5.3 billion) Four Seasons resort in Okinawa, Japan last week, Berjaya Group founder Tan Sri Vincent Tan Chee Yioun appealed to fellow Malaysians to end the ongoing boycott of Starbucks Malaysia over purported links to Israel, which has led to a plunge in sales at its franchised coffee chains held under Berjaya Food Bhd (BFood).
Vincent Tan Urges Malaysians To Stop Boycotting Starbucks
Date: 4 March 2024
Publication: SAYS
Berjaya Corporation Bhd founder Tan Sri Vincent Tan has urged the public to stop boycotting Starbucks Malaysia, claiming that the nationwide movement is only hurting local employees
Starbucks boycott doesn’t benefit anyone, says Vincent Tan
Date: 4 March 2024
Publication: Free Malaysia Today
PETALING JAYA: Berjaya Corp Bhd founder Vincent Tan has called on the public to stop boycotting Starbucks Malaysia, saying it only hurts the locals running the company.