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

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

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

TRT World says McDonald’s, Starbucks, Coca-Cola, PepsiCo and General Electric –– ubiquitous global brands and symbols of US corporate might –– all have announced the temporary suspension of their businesses 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 on Tuesday.

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.”

Last Friday, Starbucks had said that it was donating profits from its 130 Russian stores –– owned and operated by Kuwait-based franchisee Alshaya Group –– to humanitarian relief efforts in Ukraine. 

https://www.trtworld.com/business/coke-mcdonald-s-pepsi-starbucks-join-exodus-out-of-russia-55378

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