Starbucks To Exit Russia After Nearly 15 Years

Starbucks Corp has announced plans to exit the Russian market after nearly 15 years as the coffee chain joins McDonald’s Corp in marking the end of the presence of some of the top Western brands in the country.

Seattle-based Starbucks has 130 stores in Russia, operated by its licensee Alshaya Group, with nearly 2,000 employees in the country.

ESM