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October 19th , 2024

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Tikuni Gh

2 years ago

RUSSIAN RAP STAR BUYS OUT STARBUCKS

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Timati declared the deal on his Instagram account

 

Russian rapper and businessman Timati (Timur Yunusov) has bought all Russian assets of US coffee chain Starbucks in association with business person Anton Pinsky, he declared on his Instagram account on Saturday.

 

"It is currently official: all assets of the SB (Starbucks) chain have been obtained and are under my and Anton Pinsky's respectful administration," the rapper composed.

 

He noticed that the new proprietors plan no major rebranding, yet approached his supporters of partake in a mission to give the organization of coffee shops another name and logo. The choice will be made in September.

 

"There are warmed discussions on the name and logo," co-proprietor Anton Pinsky composed on Instagram.

 

Recently, reports arose that Pinsky, a conspicuous Russian restaurateur, was finishing a deal to purchase Starbucks' business in Russia in organization with Timati, who is likewise a refined businessman, possessing cheap food chain Black Star Burger, and Senator Arsen Kanokov, the proprietor of a huge business land holding.

 

Reports said the purchasers will get the tenant contracts for every one of the 130 Starbucks coffee shops in Russia, as well as the business agreements of its 2,000 laborers, yet should work under another brand name.

 

On March 8, Starbucks, which had worked in Russia beginning around 2007, reported that it was briefly suspending all business exercises in the country, including the stockpile of items, because of the circumstance in Ukraine. On May 23, the organization reported its choice to leave the Russian market, saying it would keep on supporting its Russian representatives, including paying them a half year of pay rates and helping with new business.

 

 

On March 8, Starbucks, which had worked in Russia beginning around 2007, reported that it was briefly suspending all business exercises in the country, including the stockpile of items, because of the circumstance in Ukraine. On May 23, the organization reported its choice to leave the Russian market, saying it would keep on supporting its Russian representatives, including paying them a half year of pay rates and helping with new business.

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