Starbucks is exiting Russia, shutting 130 stores

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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.

A sign on a Moscow Starbucks informs visitors that the coffee chain had suspended its work in Russia.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.began"de-arching" its entire chainStarbucks on March 8 suspended all operations of its 130 cafes in Russia, including shipments of coffee and products.

Starbucks on Monday said it will continue paying its nearly 2,000 employees in Russia for six months and help them find new jobs. The company opened its first Russia-based coffee shop in 2007,Unlike McDonald's, Starbucks didn't operate its cafes in Russia, but had a licensing deal.

 

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