Starbucks Malaysia Operator Sees Business Rebound After Boycotts

The operator of Starbucks in Malaysia says business is gradually recovering after the Gaza conflict-triggered boycotts led to store closures and steep losses.

“The recovery is slow, but we do see that there is a positive sign moving forward,” Sydney Lawrance Quays, chief executive officer of Berjaya Food Bhd., said in an interview in Kuala Lumpur on Monday. The company’s first-quarter results released late Monday showed net loss more than halved to 14.8 million ringgit ($3.6 million) year-on-year and revenue rose 3.3%.