In its first international foray, Luckin Coffee reportedly plans to open coffee shops in India and the Middle East. The Chinese coffee company signed a memorandum of understanding to forge a joint venture with the Americana Group of Kuwait, Reuters reported. Luckin Coffee Founder and...
Starbucks has designed a new store around order-ahead and delivery as the upstart coffee company Luckin Coffee takes hold in the Chinese market. Starbucks opened its inaugural Starbucks Now store in Beijing, China to combine digital and physical customer touchpoints. The experience is said to...
Earnings season is a time for reflection after reaction. For Kohl’s, which put up a poor showing in its latest results, and which gave the nod to a rocky roadmap of execution amid trade wars and brick-and-mortar challenges, the reaction was swift. Investors dumped the stock...
Shares in Luckin Coffee have fallen 39 percent after its initial public offering (IPO) as investors are worried about the company’s cash-burn strategy. Starbucks’ rival in China filed for IPO in the United States with a valuation of almost $3 billion since its last funding...
July 06, 2020
The head of Luckin Coffee Inc. knew or should have known about the accounting misconduct at the Beijing-based java chain, The Wall Street Journal reported. An internal report has concluded that Charles Lu, Luckin’s co-founder and chairman, is responsible for fabricated transactions that inflated the Chinese coffee chain’s sales last year, a source told the newspaper. The […]
July 23, 2019
In its first international foray, Luckin Coffee reportedly plans to open coffee shops in India and the Middle East. The Chinese coffee company signed a memorandum of understanding to forge...
May 24, 2019
Shares in Luckin Coffee have fallen 39 percent after its initial public offering (IPO) as investors are worried about the company’s cash-burn strategy. Starbucks’ rival in China filed for IPO...
May 22, 2019
Shares in Chinese coffee company Luckin fell below their IPO price on Wednesday (May 22), according to a report by CNBC. The company, which aims to overtake Starbucks as the...
