Australia's largest stock trading and investment forum Australia's #1 stock forum

Ruskies should start making their own franchises across the...

First 31169 Last

Share
Profile

Follow
silence

7,457 Posts.

209

24/05/22

05:21

Post #: 61578301
Share

Originally posted by Crom Valen: ↑

‘Starbucks is leaving the Russian market, bringing an end to nearly 15 years of business in the country for the Seattle-based coffee company.

Starbucks currently has 130 stores in Russia, according to Reuters, and the company employs nearly 2,000 people in the country.

Despite exiting the market, Starbucks said it would continue to support its Russian employees by paying them for six months.

The move comes amid a wave of announcements from Western companies that they are leaving the Russian market by selling off assets or transferring them to local managers in response to the war in Ukraine.

McDonald’s said last week that it would sell its restaurants in Russia to its local licensee and have them rebranded under a new name, but the company will retain its trademarks.’

Expand

Ruskies should start making their own franchises across the globe.

maybe a coffee shop called Z or V with vodka infused coffee
1 Upvote

Reply

Top Stories

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26

There are more pages in this discussion • 196,574 more messages in this thread...

First 31169 Last