News > Starbucks leaving Russian market, shutting 130 stores

Starbucks leaving Russian market, shutting 130 stores

Times Now | 23/05/2022 09:21 PM | Click to read full article

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. 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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