Starbucks announced on Monday that it was officially exiting Russia, with 130 stores run by a licensee there closing. The company has also halted the shipment of any Starbucks products.
The company said in a statement that nearly 2,000 employees in the country would be paid for six months and given help to “transition to new opportunities outside of Starbucks.”
In early March, the coffee chain condemned Russia’s invasion of Ukraine and announced that it was suspending all store operations in agreement with its licensing partner, which owns and operates all of the Starbucks outlets in Russia.
Starbucks’s chief executive at the time, Kevin Johnson, said the company would “continue to make decisions that are true to our mission and values and communicate with transparency.” He said earlier that any of the company’s royalties from business in Russia would be donated to relief efforts in Ukraine.
After initially pausing operations, like Starbucks, many companies — including, recently, McDonald’s and the French carmaker Renault — have begun revising their plans to make a more definitive exit from the country, such as by ending licensing and partnership agreements, removing their brands from the country entirely. These moves underscore Russia’s increasing political and economic isolation, the result of international sanctions and other pressure on companies to quit the country, in many cases ending relationships that stretch back decades.
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May 23, 2022 at 09:28PM
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Starbucks Will Close Stores in Russia - The New York Times
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