Starbucks closed all 130 stores in Russia, which has been open for 15 years, to withdraw completely
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Starbucks, a major coffee chain, has announced that it will withdraw from Russia, which has been operating for 15 years since the opening of its first store in 2007, and will close all 130 stores in the country.
Starbucks will exit Russia after 15 years, closing 130 licensed cafes
https://www.cnbc.com/2022/05/23/starbucks-will-exit-russia-after-15-years-closing-130-licensed-cafes.html
Starbucks leaves Russia over war in Ukraine, closing 130 shops --The Washington Post
https://www.washingtonpost.com/business/2022/05/23/starbucks-is-leaving-russia-permanently-closing-130-coffee-shops/
Starbucks to exit Russia after nearly 15 years | Reuters
https://www.reuters.com/business/retail-consumer/starbucks-liquidate-russian-entity-sota-vision-cites-source-2022-05-23/
On May 23, 2022, Starbucks announced that it would close all stores in Russia and completely close its business. It is revealed that it is a decision in response to Russia's invasion of Ukraine.
Starbucks signed a contract with franchise company Alshaya Group and outsourced store operations in Russia, but in March 2022, all stores in the country were closed due to Russia's invasion of Ukraine. I did. And this time, the form that decided to withdraw completely. 'We have lost our brand's market presence,' Starbucks said in a statement.
by Faye
Starbucks has 130 stores in Russia, and the profits obtained account for less than 1% of the company's total profits. Starbucks has revealed that it will pay about 2,000 Russian workers employed in stores for six months to help them move to new jobs outside the coffee chain.
In addition to Starbucks, several companies such as McDonald's and ExxonMobil have announced their withdrawal from Russia.
McDonald's sells all stores in Russia and withdraws, 'It is no longer compatible with McDonald's values' --GIGAZINE
by Bruno Girin
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