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Starbucks leaving Russia, shutting 130 stores

1 month ago   |   By WGN TV

Starbucks is pulling out of the Russian market.
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. McDonald's is selling its stores which are almost all owned by the company to an existing Russian franchisee. The stores won't be allowed to use McDonald's name or menu.
Starbucks' stores are owned and...
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Starbucks leaving Russian market, shutting 130 stores

Starbucks leaving Russian market, shutting 130 stores

1 month ago   |   By Star Tribune

Starbucks is pulling out of the Russian market.
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