Parent company officials say trade dispute is causing ‘significant headwinds’ and ‘significant impact’
The parent company of American alcohol producers such as Jack Daniel’s whisky and Woodford Reserve bourbon says sales to Canada dropped 62 per cent during the latest fiscal quarter compared to a year ago, as American alcohol remains off the shelves in many provinces.
After U.S. President Donald Trump imposed tariffs on Canadian goods in early March, a number of provinces retaliated, pulling American alcohol from store shelves. Alberta and Saskatchewan have since lifted the ban.
Good. In Malaysia, for better or worse, we shut down Starbucks because of their stance on Gaza. Corporates need to be accountable for their political stance.
Did they shut down due to a lack of business, or was it the government stepping in and imposing its mandate that everyone else has to follow no matter what?
If it’s the former, good. If it’s the latter, then it’s very bad.
Lack of business. Malaysia has a mostly hate relationship with Israel, and Starbucks US made some statements, so there was a nationwide boycott by the public. They’re still operating, but at a significantly reduced volume amidst a plethora of new competition. Many branches shut down.