Starbucks: withdrawal from the Russian market formalized


(CercleFinance.com) – Starbucks announced on Monday its decision to withdraw from the Russian market, where the coffee chain will no longer operate its brand.

The American group had indicated in March that it had suspended its activities in the country, in particular by interrupting its deliveries of products labeled Starbucks.

The brand – which has 130 outlets in Russia controlled and operated by a licensed partner – plans to pay six months’ salaries to the 2,000 employees who have worked there so far.

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