Stars Coffee, anyone? Russian company takes over Starbucks locations in Moscow

Australia News News

Stars Coffee, anyone? Russian company takes over Starbucks locations in Moscow
Australia Latest News,Australia Headlines
  • 📰 latimes
  • ⏱ Reading Time:
  • 82 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 82%

People in Moscow who were disappointed when Starbucks closed its coffee shops after Russia sent troops into Ukraine may now feel a caffeine jolt of hope: A nearly identical operation is opening in the capital.

Months after Starbucks closed its coffee shops in Russia in protest of the invasion of Ukraine, a nearly identical operation is opening in the capital.

The name’s almost the same: Stars Coffee. The logo could be the separated-at-birth twin of the Starbucks mermaid, with flowing hair, a small enigmatic smile and a star atop her head — though instead of a Starbucks crown she wears a Russian headdress called aThe menu, judging by the company app introduced a day before the store’s formal opening Friday, would look familiar to any Starbucks customer.

Seattle-based Starbucks was one of the most visible of the wave of foreign companies that pulled out of Russia or suspended their operations in response to Russia’s war on Ukraine. Others include McDonald’s,The departure of these companies was part of a global effort to punish Russia for its military assault, and a psychological blow to Russians who had become used to the comforts of Western-style consumer culture. But Russian entrepreneurs saw opportunity in suddenly unoccupied stores.

At a news conference Thursday, they vowed to reopen all of the former Starbucks stores under their rebranding and even expand the business. The U.S. company had built its Russian operation to about 130 stores since entering the country in 2007. The stores were owned and operated by a franchisee, Alshaya Group of Kuwait.

“Now the economic situation is difficult, but this is a time of opportunity,” Oleg Eskindarov, president of the holding company that partnered in the Starbucks deal, told the state news agency Tass. “For the past four months, we have been very actively looking at exiting companies following the example of Starbucks. There are several more similar examples, but we cannot talk about them yet.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

latimes /  🏆 11. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Allies, pals or foes? Putin's Russia and Xi's China's relationship exploredAllies, pals or foes? Putin's Russia and Xi's China's relationship exploredThe Ukraine war is turning Russia into 'Beijing's junior partner,' according to one analyst.
Read more »

Stars Coffee, anyone? Starbucks successor opening in RussiaStars Coffee, anyone? Starbucks successor opening in RussiaPeople in Moscow who were disappointed when Starbucks closed its coffee shops after Russia sent troops into Ukraine may now feel a caffeine jolt of hope: A nearly identical operation is opening in the capital.
Read more »

Stars Coffee, anyone? Starbucks successor opening in RussiaStars Coffee, anyone? Starbucks successor opening in RussiaPeople in Moscow who were disappointed when Starbucks closed its coffee shops after Russia sent troops into Ukraine may now feel a caffeine jolt of hope: A nearly identical operation is opening in the capital
Read more »

Explosions force Russia to pull planes from Crimean airbases: UkraineExplosions force Russia to pull planes from Crimean airbases: Ukraine'The [Russians] are urgently moving their planes and helicopters deep into the peninsula and to the airfields of the Russian Federation,' Ukraine's Ministry of Defense said on Wednesday.
Read more »

Storer H. Rowley: Putin’s lies, murder and destruction in Ukraine bring shame to RussiaStorer H. Rowley: Putin’s lies, murder and destruction in Ukraine bring shame to RussiaStorer H. Rowley writes: “Nearly six months into his murderous invasion of Ukraine, Russian President Vladimir Putin has brought shame on his once great nation and cemented his own legacy as a war criminal.”
Read more »

Russia accuses Ukraine of 'nuclear blackmail,' warns of looming attackRussia accuses Ukraine of 'nuclear blackmail,' warns of looming attackRussia has alleged that Ukraine is planning to carry out a 'provocation' at the Zaporizhzhya nuclear power plant this week.
Read more »



Render Time: 2025-03-03 15:01:00