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One of your favourite coffee chain’s is removing itself from the entire Russian market
Starbucks is leaving Russia after 15 years, becoming the latest Western corporation to quit the country after the war in Ukraine.
It suspending trading there in March, but joins the likes of McDonald’s and Renault in permanently exiting the country.
It says it has now “made the decision to exit and no longer have a brand presence in the market”.
Starbucks entered Russia in 20-07 and had grown to include 130 coffee shops, owned and operated by a licensee.
The coffee chain did not give details of the financial impact of the decision, but said it would continue to pay nearly 2,000 staff at Starbucks shops in the country for six months
