Ajio & Myntra Suspend Sales Of Turkish Apparel Brands
Industry body Cait has urged all ecommerce, retail, and fast-moving consumer goods (FMCG) companies in India to act in the same spirit
Food & Beverage.
International
News
McDonald’s Malaysia Sues Israel Boycott Movement, Seeks $1.3 Mn
- by BW Retail World Bureau
- January 1, 2024
McDonald’s Malaysia has taken legal action against a movement advocating the boycott of Israel, asserting that the group’s “false and defamatory statements” have adversely impacted its business. The lawsuit, filed by Gerbang Alaf Restaurants Sdn Bhd (GAR), the licensee of McDonald’s in Malaysia, seeks damages totaling 6 million ringgit (USD 1.31 million). Malaysia, being a […]
Companies
Finance
News
Starbucks Faces $11 Bn Loss Amid Sales Slump, Boycotts Over Geopolitical Concerns
- by BW Retail World Bureau
- December 7, 2023
Global political tensions are negatively affecting Seattle-based Starbucks Corporation as the company has lost approximately USD 11 billion in value, which accounts for 9.4 per cent of its total value. In just 19 days, since the 16 November Red Cup Day promotion, Starbucks shares have plunged 8.96 per cent, causing a loss of nearly USD […]