Starbucks co-owner files for new chain name
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According to the documents, Pinsky intends to register three trademarks on his own behalf – Stars Pinskiy Coffee, Stars Kanokov Coffee and Stars Coffee.
On July 15, Pinsky told Forbes that he, Timati, and the Sindika company of Senator Arsen Kanokov would buy out the Russian business of Starbucks. Pinsky did not disclose the terms of the deal. According to him, negotiations with Starbucks began in March. At the end of July, Timati announced that the deal was completed, the first outlets would open in August.
Starbucks suspended operations in Russia in early March due to the start of a Russian special operation in Ukraine. The company stopped supplying its products and closed coffee shops. At the end of May, the American chain announced that it would leave the Russian market and close 130 establishments. Revenue of the legal entity of Starbucks in Russia “Coffee Sirena” according to RAS in 2021 grew by 42% to 5.2 billion rubles. The company’s net profit under RAS is 199.2 million rubles. against a loss of 523.2 million rubles. in 2020
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