Starbucks join Russian exodus

Coffee crash
Coffee crash / The Russian market makes up about 1% of Starbucks global revenue.
Starbucks announced yesterday that is permanently exiting the Russian market.

The coffee giant's operations have been on hold in Russia since March 8, following Russia’s offensive war against Ukraine.

The Seattle based company will close all 130 stores currently being run by a licensee and remove all brand presence, including shipment of all Starbucks products.

The decision follows recent announcements from McDonald’s and car manufacturer Renault, who have also made the decision to cease and remove all operations in the region.  

The company said in a press release Monday, “We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks.”

Starbucks have operated in Russia for 15 years, who opened their first café in 2007.

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