KFC, Pizza Hut, and Starbucks locations in Russia will close as a result of the Ukraine crisis.2 min read
Given the horrific incident many food and beverage industries KFC, Pizza Hut, Starbucks, Coca-Cola and Pepsi-Cola, Pepsi, 7Up, Pizza Hut has announced to shut down in Russia In addition, the corporation has donated $1 million to the Red Cross in support of the Ukrainian crisis, and has established a relief fund for employees of KFC and Pizza Hut franchises in Ukraine.
Starbucks CEO Kevin Johnson has recently stated that the company is ceasing all operations in Russia.
“We condemn Russia’s heinous aggression on Ukraine, and our hearts go out to all those who have been impacted,” he added in a written statement.
“Our licenced partner has decided to halt shop operations immediately and will give support to the over 2000 Starbucks partners in Russia who rely on the company for a living.”
The Coca-Cola Company has also stated that it would cease operations in Russia.
“Our sympathies are with the people who are suffering unspeakable consequences as a result of the awful events in Ukraine,” says a statement on the organization’s website.
PepsiCo, which has been doing business in Russia for over 60 years, has likewise halted operations.
“In light of the horrible events in Ukraine, we are suspending the sale of Pepsi-Cola and our global beverage brands in Russia, including 7Up and Mirinda,” the company said. Ramon Laguarta, CEO of PepsiCo
“All capital investments, as well as all advertising and promotional operations in Russia, will be halted.”
The corporation will, however, continue to supply Russia with its “daily needed” commodities.
“As a food and beverage company, we must remain faithful to our humanitarian mission today more than ever. That means we must continue to provide our other products in Russia, such as everyday necessities like milk and other dairy products, as well as infant formula and food.”