On Monday, Starbucks notified consumers that it will be closing all of its stores in Russia. The move is due to Russia’s invasion of Ukraine. All of the stores have been closed since March, but this move will make the closures permanent.
Per Starbucks:
“Starbucks has made the decision to exit and no longer have a brand presence in the market. We will continue to support the nearly 2,000 green apron partners in Russia, including pay for six months and assistance for partners to transition to new opportunities outside of Starbucks.”
Starbucks first suspended their operations in Russia on March 8, 2022. Starbucks has 130 store locations throughout Russian.
The Starbucks Foundation pledged $500,000 to World Central Kitchen and the Red Cross in support of the Ukrainian people.
Starbucks is not the only fast food corporation to end its Russian operations. On May 16, McDonald’s announced the closing of its stores in Russia. McDonald’s employed over 62,000 people in its Russian operations. The fast food giant had been doing business in Russia for 32 years.
According to the Daily Wire, “In its latest quarterly results released in early May, the company did not disclose the financial impact of the suspension of business operations.”
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