Starbucks to Suspend All Activity in Russia
09 March 2022 - 8:29AM
Dow Jones News
By Josh Beckerman
Starbucks Corp. will suspend all business activity in Russia,
including shipment of all Starbucks products.
"We condemn the horrific attacks on Ukraine by Russia and our
hearts go out to all those affected," and that "we continue to
watch the tragic events unfold," Chief Executive Kevin Johnson said
in a letter to partners on Tuesday.
Starbucks said its licensed partner has agreed to immediately
pause store operations and will "provide support to the nearly
2,000 partners in Russia who depend on Starbucks for their
livelihood."
Many U.S. companies have withdrawn from Russia after its
invasion of Ukraine. On Tuesday, McDonald's Corp. said it was
temporarily closing its restaurants in Russia.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
March 08, 2022 16:14 ET (21:14 GMT)
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