Luckin Coffee, China’s coffee chain, has reported impressive sales figures, outpacing its major competitor Starbucks (NASDAQ: ...
In an unprecedented buying spree, Chinese coffee giant Luckin Coffee is committing to purchasing 240,000 tons of green coffee ...
Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone ...
China’s Luckin Coffee Inc. agreed to buy an equivalent of 4 million bags of beans from the world’s top exporter Brazil ...
But local upstarts such as Luckin Coffee Inc. are increasingly challenging their position. New Starbucks Chief Executive Officer Brian Niccol told analysts last month that he’s working to better ...
Luckin Coffee, one of China’s leading coffee chains, has signed a Memorandum of Understanding with the Brazilian Export and Investment Promotion Agency procure to a total of 240,000 tons of coffee ...
China’s Luckin Coffee has agreed to pay a $180 million penalty to settle accounting fraud charges, the Securities and Exchange Commission says. The SEC charged the company with defrauding ...
Starbucks reportedly is looking for a joint venture in China. Chinese rival Luckin Coffee has been trouncing Starbucks there.
Coffee retail giant Starbucks Corp. (SBUX) is reportedly exploring options for its Chinese operations. According to Bloomberg, ...
Starbucks is considering selling a stake in its Chinese business to local investors as it faces declining sales due to ...
Starbucks reiterated on Thursday it is exploring strategic partnerships for its Chinese operations, after a media report ...