Things did not go well for coffee giant Starbucks (SBUX) in Malaysia, as political issues came back to haunt it. Rather, a Starbucks operator in Malaysia declared losses, which impacts Starbucks tangentially. Thankfully, that layer of separation gave investors a little peace of mind, and Starbucks shares gained fractionally in Thursday afternoon’s trading.
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The Starbucks operator in Malaysia, Berjaya Food Bhd. (BRYAF), saw its net loss more than triple for the financial year that ended in June, reports noted. Revenues also fell, down 36% against this time last year. The biggest reason for the decline was “…the prolonged impact of the ongoing sentiment related to the Middle East conflict, which affected market dynamics and influenced…
