Kopi Kenangan turns Ebitda positive in Malaysia, eyes new markets
The coffee chain currently has around 130 stores in the country
INDONESIAN coffee chain Kopi Kenangan has turned Ebitda positive in Malaysia, three years after it first expanded into the country.
Speaking to Tech in Asia at the sidelines of this year’s TIA Conference in Jakarta, Kopi Kenangan co-founder and CEO Edward Tirtanata said that he expects the firm to become Malaysia’s second-largest coffee chain by 2026.
The company currently has around 130 stores in the country. It plans to close the year with 150 outlets before expanding to 200 in 2026.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next