Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Pressassociation

Starbucks quits Russian market in wake of invasion of Ukraine

Starbucks said it decided to close its 130 stores and no longer have a brand presence in Russia.

STARBUCKS IS PULLING out of the Russian market.

In a memo to employees today, Starbucks said it decided to close its 130 stores and no longer have a brand presence in Russia.

Starbucks said it will continue to pay its nearly 2,000 Russian employees for six months and help them transition to new jobs.

The stores are owned and operated by Alshaya Group, a Kuwait-based franchise operator.

Seattle-based Starbucks had suspended all business activity in Russia on March 8 due to the Russian invasion of Ukraine.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

View 15 comments
Close
15 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds