Gaza boycott forces Starbucks Malaysia to close stores ...Kuwait

The New Arab - News
Gaza boycott forces Starbucks Malaysia to close stores
source : The New Arab ( Kuwait ) () 72
Starbucks' Malaysian branch has faced substantial sales declines amid ongoing boycotts by pro-Palestine supporters in the country, according to Malaysia's largest bank.  Maybank has warned that the coffee giant faces long-term slumping sales, driven by consumer anger over perceived ties to Israel and the US.  Despite Starbucks not being officially blacklisted by Boycott, Divestment, Sanctions (BDS) Malaysia, analysts from Maybank Investment Bank suggest the brand may be losing its appeal permanently.   They project Berjaya Food Berhad (BFood), Starbucks Malaysia’s local licensee, will incur losses of up to RM65 million (US$14.5 million) by the year’s end. Profit fore

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