KUALA LUMPUR, Aug. 28 -- Starbucks' operator in Malaysia, Berjaya Food Bhd, has reportedlyposted a record net loss of RM292 million for the financial year ending June, more than tripling from a year earlier.

According to a report inBloomberg, the company said revenue dropped 36 per cent year-on-year to RM477 million, citing "the prolonged impact of the ongoing sentiment related to the Middle East conflict, which affected market dynamics and influenced customers' spending patterns".

It reportedly added added that the downsizing of Starbucks outlets led to impairment charges on stores, equipment and right-of-use assets, which rose nearly six times to RM152.8 million.

US fast-food brands have continued to suffer from boycotts in Malaysia ...