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 ...

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 ...

and successfully concluded the Brazilian leg of Luckin Coffee's “Odyssey to the God Shot (Global Bean Search Journey)”. The first Luckin Brazilian coffee-themed store and the Luckin Brazilian ...

Luckin Coffee, China’s coffee chain, has reported impressive sales figures, outpacing its major competitor Starbucks (NASDAQ: SBUX) in the Chinese market. This achievement marks a significant ...

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 ...

China's Luckin Coffee has sacked two of its top bosses after new evidence came to light about an accounting scandal. The firm said its chief executive and chief operating officer were fired after ...

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 ...