McDonald's last week said it was selling its restaurants in Russia to its local licensee Alexander Govor to be rebranded under a new name, but will retain its trademarks. Seattle-based Starbucks has 130 stores in Russia, wholly owned and operated by its licensee Alshaya Group, with nearly 2,000 employees in the country. Starbucks did not provide details on the financial impact of the exit.
These innovative and time-tested companies are trading at a discount and begging to be bought by long-term investors.
Dutch Bros (NYSE: BROS) coffee chain went public via IPO in late 2021. The company has been growing like a weed, but it recently reported earnings and the stock plummeted as much as 41% on the news. Has the selling pressure created a buying opportunity? When you hear statements like "the next Starbucks," you probably think to yourself, yeah right.