This emblematic firm coffee chain 130 locations, with immediate effect
The company indicates that it will help the 2,000 employees affected to find new work.
For many, stop by your favorite coffee for amorning coffee cup Or an afternoon collection is part of a daily routine. But like anystore or restaurant, the same coffees on which we count for cappuccinos and cold brewing can sometimes end up closing it due to slow business or a corporate decision. Now, a large coffee chain has announced that it would close 130 of its locations, to count immediately. Read the continuation to see which emblematic brand will close cafes in light of recent events.
Read this then:This popular grocery store closes stores permanently, from June 3.
Many companies have recently decided to close their locations in Russia due to the invasion of Ukraine.
Companies can choose to reduce their locations for a number of reasons. But the recent Russian invasion of Ukraine has seen many emblematic brands decide to withdraw their business from the country to show its opposition to the current war. Since the start of military operations in February, dozens of large companiesOperations suspended in Russia, including Nestlé, Nike, American Express, Visa, Mastercard, Netflix, Disney, Apple, Google, Amazon,Fedex, UPS, Delta Air Lines, American Airlines, and even more, according toThe New York Times.
The locations of brick and mortar have also been affected. H&M fashion retailer, UNIQLO Japanese clothing retailer, Swedish furniture andHouseware Company IkeaAnd Adidas all announced that they would temporarily close their stores in the country.
A large coffee chain said they withdraw their Russia business and closed the 130 locations there.
Now another big company has said that it would leave Russia for good due to the current invasion. On May 23, Starbucks announced that it would beClosing of 130 locations in the country and "no longer has any brand presence on the market". Existing stores, which are currently managed as license locations and not directly managed by the company, have beentemporarily closed since March 8, when Starbucks decided to stop sending products to Russia, reports CNBC.
"Thanks to this dynamic situation, we will continue to make decisions faithful to our mission and to values and communicate with transparency", "Kevin Johnson, CEO of Starbucks at the time, wrote in March whenThe company first suspended operations. "Thank you for the care and concerns you share with me and your leaders."
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The company has been operating in Russia for over 15 years.
Starbuck's decision to leave Russia occurs 15 years after the company has established its presence with theOpening of your first coffee In a shopping center near Moscow. According to CNBC, its operations in the country represent less than 1% of the company's annual income.
Despite the sudden change, the company said it would still beTake care of your employees Assigned by closures. "We will continue to support the nearly 2,000 green aprons in Russia, including a salary for six months and assistance for partners to move on to new opportunities outside Starbucks," he said in his communicated.
Another major chain restaurant recently announced that it was permanently leaving Russia.
Starbucks is not the only one to fully reduce links with Russia on the invasion of Ukraine. On May 16, McDonald announced that he would sell his businesses in the country andFence of more than 850 locations There, reports CNBC. Restaurants - which have been sold to a Siberian franchisee and will no longer wear any of the logos, the brand image of the company - will have beenTemporarily closed since early March.AE0FCC31AE342FD3A1346EBB1F342FCB
This decision represents a monumental change compared to the moment when the fast food giant entered the country ago in theDecreasing days of the Soviet Union. "This is an unprecedented complicated problem and with deep consequences", "Chris Kempczinski, CEO of McDonald's, wrote in a corporate message obtained byThe New York Times . "Some may argue that providing access to food and continuing to employ tens of thousands of ordinary citizens is surely the right thing to do. But it is impossible to ignore the humanitarian crisis caused by the war in Ukraine. And it is impossible to imagine the golden arches representing the same hope and the same promise that led us to enter the Russian market 32 years ago. "
Read this then: This emblematic store closes the locations, from May 22 .
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