Another Massive Chain Pulls Out of Russia

Untitled design 2022 05 24T101437.715
Starbucks announced on May 23 it will no longer operate in Russia. Courtesy of Starbucks.

Starbucks is the latest chain to announce it’s exiting Russia and will no longer have a brand presence in the country.

After suspending business activity on March 8, following the Russian invasion of Ukraine, the coffee giant announced on May 23 that it will no longer operate in Russia. Starbucks says it will continue to support the nearly 2,000 employees in the country by providing six months of pay and offering assistance as employees transition to new opportunities outside of Starbucks.

The news comes on the heels McDonald’s decision to sell its entire restaurant portfolio in Russia to existing licensee Alexander Govor, who will operate the restaurants under a new brand.

RELATED CONTENT

JamieHead

Parts Town Makes Leadership Hire

The individual says he looks forward to contributing to the distributor’s “continued focus on digital growth and innovation.”

SmoothieKing

Smoothie Brand Extends Market Reach in Q2

The Dallas-based brand opened 18 units and made 34 new store commitments.

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

- Advertisement -

- Advertisement -

- Advertisement -