03-08-2022, 08:43 PM
Starbucks suspends business in Russia.
• Starbucks is suspending all business activity in Russia, and its licensee will temporarily shutter.
• The coffee chain has about 130 outlets in Russia and Ukraine, according to Bank of America Securities.
• The announcement comes after restaurant giant McDonald’s said earlier on Tuesday that it would temporarily close its restaurants in the country.
CNBC
• Starbucks is suspending all business activity in Russia, and its licensee will temporarily shutter.
• The coffee chain has about 130 outlets in Russia and Ukraine, according to Bank of America Securities.
• The announcement comes after restaurant giant McDonald’s said earlier on Tuesday that it would temporarily close its restaurants in the country.
CNBC
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