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 filed for bankruptcy protection in the U.S. in 2021, but it took just a few years to recover and even dethrone Starbucks as China’s leading coffee chain. Luckin Coffee ...
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 ...
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 ...
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 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 ...
The debut of Luckin Coffee, which bills itself as the "Starbucks of China" for having the most number of outlets on the mainland, is a sign of things to come for Hong Kong's retail segment ...
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 ...
The Ceylon Yuan-Yang is available from 24 January 2025. Luckin Coffee: Brewing Up Success Since debuting in Singapore in March 2023, Luckin Coffee has taken the local coffee chain scene by storm ...