Starbucks leaving Russian market, shutting 130 stores
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.