Monday 4 March 2024

Vincent Tan Chee Yioun; Money Talks, Bullshit Walks.

AFTER running an effective campaign on the Berjaya /Naza joint venture, losing the READ : SPANCO deal , ex US Dollar billionaire Vincent Tan Chee Yioun is caught between a hard place and a rock.

THE tycoon lost US$600 million of his fortune READ : in a span of just 11 years, now risk a second wave of backlash from the Malay community, when details of the READ : Berjaya/Naza SPANCO deal start coming out officially

VINCENT Tan Chee Yioun's Berjaya Food Bhd (BFood) faced significant challenges due to the boycott of Starbucks in Malaysia. READ : For 2Q24, BFood saw its revenue plunging by about 38% year-on-year to RM182.55mil, and it recorded a net loss of RM42.58mil compared to a net profit of RM35.49mil in 2Q23.

FOR the record, STARBUCKS used to contribute 90 per cent of Berjaya Food's profit, when the company was still a profitable entity.

ACCORDING, to the South China Morning Post, Vincent Tan Chee Yioun's plea for Malaysians to stop boycotting Starbucks is being mocked in the internet world 

NEXT : The Race Against Time.