Berjaya Food sells Paris Baguette Malaysia stake for RM1
Berjaya Food Bhd has sold its 50% stake in Berjaya Paris Baguette Sdn Bhd to Paris Baguette Singapore for a nominal fee of RM1. The move follows consistent losses since the bakery chain's Malaysian launch in 2023, with the company aiming to refocus on its core business operations.
Why it matters
This divestment highlights the challenges of scaling international food franchises in competitive local markets and the financial impact of failed joint ventures on parent companies.
KUALA LUMPUR: Berjaya Food Bhd (BFood) has disposed of its entire 50% equity interest, comprising 20 million ordinary shares, in Berjaya Paris Baguette Sdn Bhd (BPB) to Paris Baguette Singapore Pte Ltd for a nominal cash consideration of RM1.
The article reports financial facts and corporate filings without emotive language or political framing.
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