McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia
2 years, 9 months ago

McDonald’s, Starbucks, Coke, Pepsi join exodus out of Russia

Associated Press  

DETROIT — McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric __ ubiquitous global brands and symbols of U.S. corporate might __ all announced Tuesday they were temporarily suspending their business in Russia in response to the country’s invasion of Ukraine. “Our values mean we cannot ignore the needless human suffering unfolding in Ukraine,” McDonald’s President and CEO Chris Kempczinski said in an open letter to employees. The Chicago-based burger giant said it will temporarily close 850 stores but continue paying its 62,000 employees in Russia “who have poured their heart and soul into our McDonald’s brand.” Kempczinski said it’s impossible to know when the company will be able to reopen its stores. Unlike Starbucks and other fast food companies like KFC and Pizza Hut, whose Russian locations are owned by franchisees, McDonald’s owns 84% of its Russian stores.

History of this topic

McDonald’s buys its Israeli restaurants from franchisee who sparked costly boycotts
8 months, 2 weeks ago
McDonald’s buys all 225 of Israeli franchise restaurants after boycotts
8 months, 2 weeks ago
In Indonesia and Malaysia, boycotts hammer McDonald’s, Starbucks
9 months ago
Mideast Starbucks franchisee firing 2,000 workers after being targeted in Israel-Hamas war boycott
9 months, 2 weeks ago
Mideast Starbucks franchisee targeted by Israel-Hamas war boycott is firing 2,000 workers
9 months, 2 weeks ago
How IKEA is trying to stop Russian copycats during Putin’s war
10 months, 2 weeks ago
McDonald’s and Starbucks sales dented by Israel-Hamas war; recovery isn’t expected anytime soon
10 months, 2 weeks ago
The Russian doppelganger brands helping Putin sanction-proof the economy
1 year, 4 months ago
Russia to Launch Replacement for McDonald's; All About Big Mac's Successor 'Big Hit'
2 years ago
Stars Coffee, anyone? Starbucks successor opening in Russia
2 years, 4 months ago
Alexander Govor: The Siberian billionaire behind the ‘Russian McDonald’s’
2 years, 6 months ago
Russian-owned successor of McDonald’s opens in Moscow
2 years, 6 months ago
Russia’s new McDonald’s reveals logo before relaunch
2 years, 6 months ago
Whopper of a problem | The legal tangle keeping Burger King from exiting Russia
2 years, 6 months ago
Coffee to go: Starbucks quits Russia over Ukraine war
2 years, 7 months ago
McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy
2 years, 7 months ago
End of an era: McDonald’s strikes deal to sell Russia restaurants
2 years, 7 months ago
McDonald’s to quit Russia because of ‘humanitarian crisis in Ukraine’
2 years, 7 months ago
'Impossible to ignore humanitarian crisis caused by war in Ukraine': McDonald's to sell Russia business
2 years, 7 months ago
McDonald's to Exit Russia Amid Ukraine Invasion, Sell Business in Country
2 years, 7 months ago
De-Arching: McDonald’s to sell Russia business, exit country
2 years, 7 months ago
Business Highlights: McDonald’s Russia exit,
2 years, 7 months ago
McDonald’s to sell its business in Russia
2 years, 7 months ago
Burger King and Papa Johns are struggling to close all their Russian restaurants
2 years, 9 months ago
Pressure mounts for multinationals in Russia to leave
2 years, 9 months ago
McDonald's super-fan handcuffs himself to doors of Moscow restaurant
2 years, 9 months ago
The Western firms that have not cut Russia ties over Ukraine
2 years, 9 months ago
Cold War-style chill settles over Russia as world ponders Putin’s endgame
2 years, 9 months ago
Not all Western companies sever ties to Russia over Ukraine
2 years, 9 months ago
Not all Western companies sever ties to Russia over Ukraine
2 years, 9 months ago
McDonald’s transformed Russia … now it’s abandoning the country
2 years, 9 months ago
McDonald's, Starbucks, Coke, Pepsi, General Electric temporarily suspended Russia operations
2 years, 9 months ago
McDonald\'s, Starbucks, PepsiCo, Coca-Cola suspend business in Russia
2 years, 9 months ago
Russia Ukraine War: McDonald's, Starbucks, Coke, Pepsi suspend business in Russia
2 years, 9 months ago
From McDonald’s to TikTok, why are big brands bailing on Russia?
2 years, 9 months ago
Cadbury owner under pressure to join western exodus from Russia
2 years, 9 months ago
McDonald’s finally bows to pressure and shuts all 850 stores in Russia
2 years, 9 months ago
Boycott Calls Intensify For Companies Still Open For Business In Russia
2 years, 9 months ago
Explained: Why calls for boycotting Coca-Cola and McDonald’s over Russia-Ukraine conflict are growing
2 years, 9 months ago
McDonald's, Coca-Cola and Starbucks shut down in Russia as iron curtain returns
2 years, 9 months ago
McDonald’s joins US firms shutting down Russia operations
2 years, 9 months ago

Discover Related