A Bagel success story, and a Red Bull slayer
Tim Hortons is tasting some new success in China with a bagel formula. Will this mark the start of a turnaround for the struggling chain? And a Red Bull killer named Eastroc has filed to list in Hong Kong. What’s the secret to its success, and will it attract investors to its story?
TH International tastes success with bagels in donut-averse China
The operator of the Tim Hortons chain in China sold 22 million bagel-based products last year, and said it is aiming to return to revenue and same-store sales growth in…
Luckin consolidates lead in China’s coffee wars
The company strengthened its position as China’s leading coffee chain in last year’s fourth quarter, as Starbucks looked for a new way forward in the ultra-competitive market Key Takeaways: Luckin…
Starbucks looks for new friends in choppy China coffee waters
After seven years of operating its China stores independently, Starbucks is reconsidering returning to a partnership-based business model Key Takeaways: Starbucks is considering bringing in partners to its China operation,…
BRIEF: TH International revenue falls as same-store sales plunge
TH International Ltd. (THCH.US), operator of the Tim Hortons restaurant chain in China, said on Tuesday its revenue fell 17.1% year-on-year to 360 million yuan ($50 million) in the third…
Locked in overheated battle with its clone at home, Luckin eyes expansion in U.S.
China’s largest coffee chain is accelerating its move overseas, even as two-year-old rival Cotti Coffee does the same Key Takeaways: Luckin Coffee plans to expand to the U.S. and other…
Cotti splashes past 10,000-store milestone, fueled by relentless price war
The two-year-old coffee chain’s founder looks obsessed with beating his former brainchild Luckin, using low prices and an innovative financing model to fuel his breakneck expansion Key Takeaways: Despite reaching…
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