Luckin Coffee filed for bankruptcy protection in the ... Photo by Huy Tung Brian Niccol, who just became Starbucks’ CEO in September, has been shaking up the company’s leadership, including ...
China’s Luckin Coffee has agreed to pay a $180 million penalty ... Luckin’s chairman and CEO said in a statement. The SEC said some Luckin employees tried to hide the fraud by logging inflated ...
Shares in Luckin Coffee have slumped after the company said one of its top executives and other employees had faked sales figures. The Chinese coffee chain has now suspended its chief operating ...
One of China's most powerful regulators has raided the offices of Luckin Coffee after opening an investigation into the scandal-hit firm. The firm's shares slumped this month after it revealed ...
Luckin Coffee is set to open five outlets across Malaysia by the end of January this year. In a statement, the brand stated the first two outlets will open at Sunway Pyramid and Menara EcoWorld on ...
Luckin Coffee needed premiumisation and volume to boost profitability, as its earlier ¥9.90 strategy squeezed profit margins. By Q2 2023, Luckin had opened 10,000 stores, giving it scale and advantage ...
Luckin Coffee's expansion into Hong Kong is unlikely to be a game changer due to strong local competition and lack of price advantage. Hong Kong's competitive coffee market, with established ...