Wednesday
May 25
2022

Starbucks is Exiting Russia, Shutting 130 Stores

By Alina Selyukh

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.

This is the second major exit of a global American brand from Russia, after McDonald’s last week began “de-arching” its entire chain after 32 years.

Starbucks on March 8 suspended all operations of its 130 cafes in Russia, including shipments of coffee and products. On Monday, the company said it “has made the decision to exit and no longer have a brand presence in the [Russian] market.”

Photo courtesy of Christopher Irwin.

Source: NPR (link opens in a new window)

Categories
Entrepreneurship
Tags
business development, crisis, entrepreneurship