Starbucks said on Monday that it is pulling out of the Russian market over Vladimir Putin's invasion of Ukraine.
The decision was announced via a memo to employees. Prior to pulling out, the Seattle-based coffee company had already paused all business operations at its 130 stores across the country, which are operated by a Kuwaiti franchise partner.
"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," the company said Monday in a statement. In early March, when Starbucks paused business in Russia, CEO Kevin Johnson described the Russian war in Ukraine as “horrific” and reiterated support for the Russian workers affected by the decision to cut off business in the country.
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Starbucks Will Exit Russia After 15 Years, Closing 130 Licensed CafesThe coffee chain has 130 locations in the country, which account for less than 1% of its annual revenue.
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Starbucks to end business in RussiaStarbucks Corp. is closing down its business in Russia, as the invasion of Ukraine puts an end to its 15-year presence in the market.
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Starbucks to end business in RussiaStarbucks Corp. is closing down its business in Russia, as the invasion of Ukraine puts an end to its 15-year presence in the market.
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Starbucks leaving Russian market, shutting 130 storesStarbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to new jobs.
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Starbucks leaving Russian market, shutting 130 storesStarbucks is pulling out of the Russian market. Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to new jobs. Starbucks' move follows McDonald's exit from the Russian market last week.
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