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Starbucks will exit the market
- After 15 years operating in Russia, Starbucks will exit the market, joining companies like McDonald’s, Exxon Mobil and British American Tobacco in withdrawing from the country completely. The coffee giant announced Monday that it will no longer have a brand presence in Russia.
Mar 4, 2022 · Starbucks has made the decision to exit and no longer have a brand presence in the market. 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.
May 23, 2022 · May 23 (Reuters) - Starbucks Corp (SBUX.O) said on Monday it will exit the Russian market after nearly 15 years as the coffee chain joins McDonald's Corp (MCD.N) in marking the end of the...
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- Reuters
May 23, 2022 · Starbucks is leaving Russia after 15 years in business. The coffee chain had temporarily shut down its stores in March over Russia's invasion of Ukraine.
May 23, 2022 · Key Points. Starbucks announced that it will exit Russia. The coffee chain has 130 locations in the country, which account for less than 1% of its annual revenue. Starbucks joins McDonald’s,...
May 23, 2022 · Starbucks announced on Monday that it was officially exiting Russia, with 130 stores run by a licensee there closing. The company has also halted the shipment of any Starbucks products.
May 23, 2022 · 23 May 2022. Starbucks Corp. will exit Russia completely, marking the latest corporate withdrawal from the country after its invasion of Ukraine. In March, Starbucks said its licensed partner...
May 23, 2022 · Starbucks is pulling out of the Russian market. In a memo to employees Monday, the Seattle coffee giant said it decided to close its 130 stores and no longer have a brand presence in Russia ...
