Starbucks join Russian exodus
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.
Shopping cart
Added to your shopping cart
Other concepts from sector food and beverage
Breaking news
Show all
Popolo Ceramico
A creative franchise combining personalised ceramics, family experiences, and a flexible mobile business model.
Xtreme Brands to Expand STRONG Pilates in Central and Eastern Europe
Xtreme Brands has become the Master Franchise partner for STRONG Pilates, leading the brand's expansion across 10 Central and Eastern European...
Raison Home
A home design franchise combining personalised interior solutions with a mobile business model and strong opportunities for entrepreneurial growth.
The Creation Station
A creative education franchise offering a flexible business model, professional support, and opportunities in the growing children's activities...