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Starbucks leaves Russian market | kiiitv.com – Riverside, California

Riverside, California 2022-05-23 09:57:35 –

Starbucks said it would continue to pay about 2,000 Russian employees for six months to help them move on to new jobs.

Moscow, Russia — Starbucks is withdrawing from the Russian market.

In a memo to employees on Monday, Starbucks said it had decided to close 130 stores and lost its brand presence in Russia. Starbucks said it would continue to pay about 2,000 Russian employees for six months to help them move on to new jobs.

Related: These big companies have cut off their ties with Russia

The store is owned and operated by Alshaya Group, a Kuwait-based franchise operator.

Seattle-based Starbucks suspended all business activities in Russia on March 8 due to Russia’s invasion of Ukraine.

Coffee Giants is the latest American company to officially take over from Russia.

On May 26, McDonald’s announced that it has begun the process of selling its Russian business, which includes 850 restaurants that employ 62,000 people.

Related: McDonald’s launches 850 Russian restaurants

McDonald’s said it was trying to market the restaurant and would begin removing the golden arches and other symbols and signs bearing the company’s name. He said he would hold the trademark in Russia.

In a statement, CEO Chris Kempczinski said, “We have a commitment to the global community and we must continue to adhere to our values. Our commitment to our values ​​is no longer. It means you can’t keep the arch shining. “

Related: Russian soldier sentenced to life imprisonment in Kieu’s war crimes trial

First McDonald’s in Russia Open in the middle of Moscow More than 30 years ago, right after the fall of the Berlin Wall. It was a powerful symbol of relieving the tensions of the Cold War between the United States and the Soviet Union.

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