Starbucks Will Exit Russia, Close 130 Cafes

Food & Drink

Topline

Starbucks will close all its business in Russia, several outlets reported Monday, becoming the latest multinational firm to sever ties with the country following its invasion of Ukraine.

Key Facts

All of Starbucks’ 130 licensed locations in Russia will close permanently.

Starbucks’ exit comes a week after fellow American chain McDonald’s announced its own departure from the Russian market.

This is a developing story…

Further Reading

Starbucks to Exit Russia After Pausing Business There in March (Bloomberg)

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