Starbucks Pulling from Russia In its ongoing conflict with Ukraine.
Corporations are joining a long list of corporations that have ended their business relations with the country. Starbucks has announced Monday That’s it 130 locations Its storefronts across the country will close their doors. Russian cafes are all licensed locations, which means Starbucks itself does not operate them. Despite closing so many stores, these locations account for less than 1% of the company’s annual revenue. Starbucks employees will continue to be paid for up to six months as they find new jobs.
The move comes as no surprise, considering that Starbucks ceases operations in Russia on March 8. 15 years. Inside 2007, The company opens its first coffee shop in a shopping center on the outskirts of Moscow It has reached her 100th Savings 2015.
In March, when operations were initially halted, Starbucks ex CEO Kevin Johnson Russia has condemned “unjust, unjust and horrific attacks on Ukraine.”
“The aggression and humanitarian impact of this war is devastating and has a profound effect on the rest of the world,” he wrote in a memo to colleagues shortly before his retirement.