Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit Completed
Starbucks
Starbucks
Starbucks Corporation is an American multinational chain of coffeehouses. It is the world's largest coffeehouse chain.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market
Exited Exit CompletedGlobal 500, is an annual ranking of the top 500 corporations worldwide
Global 500Glob.Revenue, mln.USD
32250
Restaurants and Caffees
130
The Company Statement
July 15, 2022
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy. The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market. The chain of coffee houses was acquired by Pinsky, Timati and the Sindika holding company of the senator from Kabardino-Balkaria Arsen Kanokov (he also headed the region in 2005-2013). The deal was closed by the end of July, according to Pinsky, Starbuck's assets were sold for 500 million rubles. In August 2022, the first establishment of the network was opened.
| June 17, 2023 | Timati argued with Sber analysts about the dynamics of coffee sales in Stars (former Starbucks) |
| June 14, 2023 | Bean counters: how Russia’s wealthy profited from exit of western brands |
| February 13, 2023 | A businessman close to Kadyrov "captured" shares in OBI and Starbucks that left Russia |
| January 26, 2023 | Letter sent by B4Ukraine to the company (no response provided) |
| October 17, 2022 | Coca-Cola and PepsiCo suspend Russia business, point to "events in Ukraine" |
| September 12, 2022 | How Western brands 'left' Russia | Life in Russia after sanctions | New McDonald's & Starbucks |
| August 18, 2022 | The chain that replaced Starbucks will add alcohol to the menu |
| July 07, 2022 | Starbucks has found a buyer for its Russian business |
| May 23, 2022 | Starbucks is leaving the Russian Federation after almost 15 years of operation |
| April 04, 2022 | Letter to Partners from Kevin Johnson on Ukraine |
| Holdout brands suspend Russia ops |
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