Who owns Stars Coffee in Russia?
On Thursday, the rapper Timati and restaurateur Anton Pinskiy, the duo that acquired the rights to the chain in Russia, attended the opening of the first of the 130 cafes previously owned by Starbucks. A new coffee chain is taking over Starbucks outlets in Russia after the US company pulled out over the invasion of Ukraine. Stars Coffee, which opened its first Moscow café on Thursday, is owned by a pro-Putin rapper and a restaurateur.Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle’s Pike Place Market initially as a coffee bean wholesaler.A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks , the latest major company rebranding after a months-long Western corporate exodus from the country.The first cafe of the Starbucks chain reopened under the new name Stars Coffee in the center of the Russian capital Moscow on Thursday. According to the new owner of the chain, Timur Yunusov, 10 more cafes will be reopened next week, and a total of 130 — till the end of September.
What is the Russian brand of Starbucks?
In August 2022, after months of suspension due to the Russian invasion of Ukraine, Starbucks sold all its stores in Russia to the Russian rapper Timati. The stores were rebranded as Stars Coffee, and are very similar to the former stores. On 16 May 2022, after temporarily closing its restaurants, the company decided to exit Russia altogether.The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market.Stars Coffee, which replaced Starbucks Corp. Russia’s aggression, has followed a similar strategy of offering locals the feeling that they’re not missing out. Much like Vkusno i Tochka, the company makes no secret about being a clone.Employees work at the newly-opened Stars Coffee cafe in Moscow. A restaurateur and rapper duo unveiled Stars Coffee on Thursday, reopening the chain of coffee shops in Russia formerly owned by Starbucks, the latest major company rebranding after a months-long Western corporate exodus from the country.The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market.
Is Stars Coffee the same as Starbucks?
Russian company takes over Starbucks locations in Moscow. Russian singer and entrepreneur Timur Yunusov, known as Timati, pictured, and a partner bought the Starbucks assets in Russia and reopened as Stars Coffee, with a familiar logo. Russia’s rebranded Starbucks is a totally different brand, one of its owners told The WSJ. Stars Coffee sells frappuccinos, writes names on cups, and has a logo similar to Starbucks’.
What do they call Starbucks in Russia?
The first cafe of the Starbucks chain reopened under the new name Stars Coffee in the center of the Russian capital Moscow on Thursday. According to the new owner of the chain, Timur Yunusov, 10 more cafes will be reopened next week, and a total of 130 — till the end of September. Starting January 1, 2023, British coffee brand Costa Coffee suspended its operations in Russia, after which Rosinter temporarily renamed the chain Coffee. Rosinter’s coffee shop portfolio includes 19 outlets in Moscow, as well as at the largest airports and train stations in Moscow and Kazan.
What replaced Starbucks in Russia?
In Russia, Starbucks @starbucks outlets were replaced by a new domestic chain called Stars Coffee, owned by restaurateur Anton Pinskiy. This happened after Starbucks made decision to exit the Russian market in 2022. Starbucks announced that it will exit Russia. The coffee chain has 130 locations in the country, which account for less than 1% of its annual revenue. Starbucks joins McDonald’s, Exxon Mobil and British American Tobacco in pulling out of the country completely after the Kremlin invaded Ukraine.Kevin Johnson, former president and CEO of Starbucks, said in March, after condemning the “unprovoked, unjust and horrific attacks on Ukraine,” that “our 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 .
Is Starbucks still operating in Russia?
Exit and no longer have a brand presence in Russia. Starbucks set to sell Russian business to restaurateur Anton Pinskiy. The American company Starbucks suspended the work of all establishments in Russia in March 2022, and in May 2022 announced its decision to leave the market. So despite companies pulling out of Russia, their products can often still be found here. Take Coca-Cola for example. It stopped selling to Russia and ceased operations here in 2022, but there’s no problem buying its drinks.PepsiCo announced suspending sales and production in Russia back in March 2022. Today’s announcement came only after Reuters visited dozens of supermarkets, retailers and gyms in Moscow and beyond and reported on finding cans and bottles of Pepsi with July and August production labels from factories within Russia.