Starbucks joins McDonald’s and withdraws from the Russian market

This american chain of coffee shops starbucks He announced his retirement on Monday. russian marketWhere it has been operating for 5 years, it has joined other companies such as McDonald’s or Exxon Mobil, which have taken similar measures in response to the Russian invasion of Ukraine.

The chain will close 130 stores across the country, contributing less than 1% of its annual revenue.according to a company statement.

The company has already announced that it has suspended its business activities since March 8.

So, Starbucks stressed Condemned the “horrible Russian attacks in Ukraine” and will continue to take measures consistent with its “values” as the situation evolves.

Starbucks noted It will pay 2,000 workers six months’ salary compensation The company is owned in Russia.

Fast food chain McDonald’s announced last March that 850 of its stores in Russia were temporarily closed and operations were frozen, a major blow given the chain’s presence in the vast Russian territory.

McDonald’s group announced last week that it has reached an agreement to sell its business in Russia to businessman and franchise partner Alexandr Govor, which will save tens of thousands of jobs.

McDonald’s said in a statement that the Russian businessman has been a partner since 2015 and is in Siberia, adding, “Under the terms of the agreement, Mr. Govor is buying the chain’s entire portfolio of restaurants and will develop it under a new brand.” Said. operating 25 franchises opened.

Source: Informacion

Popular

More from author

Arab delegations left the UN Security Council chamber during the speech of the Israeli permanent representative 03:00

Arab delegations left the UN Security Council (SC) hall after Israel's permanent representative Gilad Erdan started speaking. This was reported by RIA News. In...

Iran suspends flights in some cities 05:29

Iran suspended flights in parts of its country. The agency wrote about it Reuters He cited Iranian state media. "Flights over the cities of...

Zaporozhye Nuclear Power Plant declared a nuclear threat 05:59

The Zaporozhye Nuclear Power Plant is under the threat of a nuclear incident from the Ukrainian Armed Forces due to the use of combat...

Spartak was given advice about the coach 04/18/2024, 23:24

Valery Gladilin, former coach of Spartak Moscow, in an interview with an online publication "Euro-Football.Ru" He stated that the red-white management should not decide...