Sudden: Starbucks suspends business in Russia

According to foreign media quotes, McDonald's, Starbucks, Pepsi and Coca-Cola successively said on March 8 that they would suspend all business in Russia because of the continuing war between Russia and Ukraine. At the same time, McDonald's and Starbucks will suspend store operations and commercial activities in Russia.

Prior to this, McDonald's was condemned and criticized by many countries for not making any statement during the war between Russia and Ukraine. Under pressure from public opinion, McDonald's issued a statement on March 8: it will suspend operations of 850 McDonald's stores in Russia because of unnecessary human suffering in Ukraine, while saying it is "impossible to predict" when it will reopen.

After McDonald's announced the suspension of operations in Russia, CEO Chris Kempchinski said in an open letter to employees: "the conflict in Ukraine and the humanitarian crisis in Europe have brought untold suffering to innocent people. As a system, we (McDonald's) will join the world in condemning aggression and violence and praying for peace." At the same time, the open letter also said that the company will continue to pay salaries for 62000 McDonald's employees in Russia and donated US $5 million to the employee Assistance Fund. After McDonald's announcement, Starbucks also issued a statement suspending its business and store operations in Russia. Kevin Johnson, chief executive of Starbucks, said: Starbucks will continue to provide support to Russian employees, but all Russian stores will be suspended and shipments of surrounding products will be suspended.

Prior to the March 8 statement, Starbucks CEO Kevin Johnson issued another open letter on March 4, in which he wrote: Starbucks condemns Russia's unprovoked, unjust and terrible attacks on Ukraine and expresses sympathy for all those affected. It also vowed to donate royalties from its Russian operations to humanitarian undertakings in besieged countries. In terms of the number of stores, Starbucks is very small in Russia and Ukraine. In total, the company has about 130 stores in Russia and Ukraine and employs about 2000 people, according to Bank of America Securities. About 130 stores are franchised, not directly operated by Starbucks, so the 130 stores are not operated by Starbucks USA. Some foreign market analysts estimate that these stores account for less than 1% of Starbucks' global revenue. After McDonald's and Starbucks issued a statement, Coca-Cola also said it would suspend its business in Russia and would continue to monitor the situation. Pepsi also said it would stop its capital investment in Russia as well as all advertising and promotional activities.

"Pepsi entered the Russian market at the height of the Cold War and helped build common ground between the United States and the Soviet Union," Pepsi CEO Ramon Laguata said in a letter to employees. However, in view of the current situation in Ukraine, we will suspend the sale of all Pepsi-Cola beverages in Russia, including 7-up and Melinda. " Photo source: online professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style) more boutique coffee beans please add private Wechat Qianjie coffee, WeChat: kaixinguoguo0925

Important Notice :

前街咖啡 FrontStreet Coffee has moved to new addredd:

FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou

Tel:020 38364473