Mydin on Madani Mart: Noble Idea, But Doomed to Fail?

Episode notes

Following the US-Iran War, Malaysia’s retail landscape is entering a state of "nervous calm" as fuel prices surge and costs ripple through supply chains. Datuk Wira Ameer Ali Mydin of Mydin Mohamed Holdings joins the Breakfast Grille to warn that increases in basic food and retail items is imminent as logistics, LPG, and other costs surge. Ameer also breaks down the Madani Mart model, drawing on his own RM185 million loss with Kedai Rakyat 1Malaysia (KR1M), and his key concerns about the model, as well as why he views work-from-home policies as "burning money" for the economy and why Malaysia may be "too nice" to foreign retail competition. See omnystudio.com/listener for privacy information.

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