Luckin continues percolating back from disgrace with breakneck expansion
The coffee chain operator opened a new store every 1.9 hours in the first quarter, boosting its revenue by 85% during the period Key Takeaways: Luckin’s revenue surged 85% in…
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Tim Hortons Gobbles Up Popeyes in China
TH International, operator of Tims China, said it has reached an agreement to also operate the popular U.S. fried chicken chainKey Takeaways:TH International will take over operation of the Popeyes…
Luckin Comeback Percolates at Full Steam With Reported Global Expansion
Media reports say the scandal-tainted coffee chain is looking to expand into Southeast Asia as it continues to rapidly open new stores at homeKey Takeaways:Luckin is considering an expansion into…
Mixue Sips Success at the Bottom of China’s Premium Tea Market
The fast-growing chain whose bubble and milk teas typically sell for less than $1.50 has filed for a Shenzhen IPO that could value it at nearly $10 billion Key Takeaways:…
Luckin Brews Up Hot Results on Rapid Expansion, Diversified Footprint
China’s leading coffee chain’s revenue rose 72% in the second quarter, even as most of its peers reported declines due to Covid-related disruptions Key Takeaways: Luckin Coffee reported strong revenue…
Tim Hortons China Brews Up Explosive Growth Plan Using Tech and Localization
The soon-to-be U.S.-listed coffee chain is aiming for 2,750 Chinese stores by 2026, equal to nearly half of Starbuck’s current count Key Takeaways: Tim Hortons China is aiming to open…
Luckin Coffee Nears Major Milestone with Imminent Emergence from Bankruptcy
China’s scandal-tainted Starbucks challenger says liquidators handling its U.S. bankruptcy have filed a motion to formally close the case Key Takeaways: Luckin Coffee said the liquidators handling its U.S. bankruptcy…
