The coffee chain has 130 locations in the country, which account for less than 1% of its annual revenue.
Both consumers and investors pressured Western companies like Starbucks to cut ties with Russia to show opposition to the Kremlin's war with Ukraine, but unwinding licensing deals takes time. Starbucks. The pause included shipping all Starbucks products and temporarily shuttering cafes.
In its latest quarterly results released in early May, the company did not disclose the financial impact of the suspension of business operations. Former CEO Kevin Johnson had pledged to donate royalties from the Russian business to humanitarian causes.
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