Arab Canada News
News
By عبد السلام
Published: May 24, 2022
Starbucks leaves Russia forever.
The coffee company halted its operations and stopped shipping its products to Russia in March, and Starbucks said in a statement on Monday that it has "made the decision to exit and no longer has a brand presence in the market."
Employees in the country, numbering about 2,000, will continue to receive their salaries for another six months. Starbucks will also assist them in finding new jobs outside the company.
Starbucks first opened in Russia in 2007, and as of March, it had 130 Russian locations, all owned and operated by a partner.
This step follows a similar move by McDonald's last week; the burger chain said it is selling its business in Russia after operating there for more than 30 years.
McDonald's said, "The humanitarian crisis caused by the war in Ukraine, and the rapidly changing and unpredictable operating environment, led McDonald's to conclude that continued ownership of the business in Russia is no longer defensible and does not align with McDonald's values."
McDonald's later announced that it had reached an agreement to sell the company to the current licensee, who will reopen the restaurants under new branding.
At the time, Starbucks CEO Kevin Johnson said, "We condemn the horrific attacks on Ukraine by Russia, and our hearts are with all those affected."
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