Luckin Coffee, China’s coffee chain, has reported impressive sales figures, outpacing its major competitor Starbucks (NASDAQ: ...
Luckin Coffee filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone ...
In an unprecedented buying spree, Chinese coffee giant Luckin Coffee is committing to purchasing 240,000 tons of green coffee ...
China’s Luckin Coffee Inc. agreed to buy an equivalent of 4 million bags of beans from the world’s top exporter Brazil ...
The news comes as the company is under pressure from activist investor Elliott Investment Management, which has called for a ...
Starbucks slumped in sales this last quarter. But the Chinese coffee brand, characterized by heavy discounts, reported a strong third quarter.
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 ...
Starbucks reportedly is looking for a joint venture in China. Chinese rival Luckin Coffee has been trouncing Starbucks there.
Starbucks is considering selling a stake in its Chinese business to local investors as it faces declining sales due to ...
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 ...
Luckin aims to undercut Starbucks in the U.S. with low-priced coffee but lacks clear differentiation against other coffee chains. China's coffee market faces overcapacity, with aggressive store ...
Luckin Coffee stock gets hammered in sell-off as it returns to the Nasdaq Luckin Coffee needs to perk up. The Chinese coffee giant's stock is down 43.5% in premarket trading amid concerns it'll be ...