Starbucks is pulling out of a country: Boycott leads to bankruptcy
Coffee chain Starbucks, which has been subjected to boycotts in many countries over allegations of supporting Israel, will withdraw from Morocco. It has announced that 18 coffee branches will be permanently closed.
The world-famous coffee chain Starbucks is being boycotted in many countries due to its support for Israel.
Starbucks, which was also boycotted by many people in Turkey through sit-in protests, had previously been protested for providing support very late during the earthquake.
According to the report in Haber Global; a new development has occurred on the Starbucks front, where it was learned that the company began experiencing economic difficulties due to the boycotts.
It was announced that Starbucks branches in Morocco have suffered losses due to the Gaza boycott and will be closed.
Moroccan media outlet Maroc Hebdo announced that 18 coffee branches will be permanently closed.
In the report by Maroc Hebdo, it was stated: "According to reliable information, two major global brands, specifically the Swedish ready-to-wear brand H&M and the prestigious American coffee chain Starbucks, will leave Morocco as of December 15."
News Source: 12punto
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