A Starbucks sign is seen alongside the mural of Georgy Zhukov, a Soviet general and Marshal of the Soviet Union who oversaw some of the USSR’s most decisive victories over Nazi Germany during WWII. (Photo by Vlad Karkov / SOPA Images/Sipa USA)
Brands & Logos in Moscow, Russia – 27 Mar 2022
AP – 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’ Russian stores are owned and operated by Alshaya Group, a Kuwait-based franchise operator. Starbucks had suspended all business activity in Russia on March 8 due to the war in Ukraine.
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