Luckin adds 2,599 stores in third quarter as profit climbs 45%
Coffee chain Luckin Coffee Inc. (LKNCY.US) reported on Tuesday that its revenue rose 17% year-on-year to 17.89 billion yuan ($2.67 billion) in the third quarter, while its net income increased…
Luckin grows at record low pace as same-store sales decline
Luckin Coffee Inc. (LKNCY.US) on Monday reported its slowest revenue growth since its major accounting scandal in 2020, as it recorded a second consecutive quarter of same-store sales declines and…
Slowing takeout dining wars leave Luckin with bitter aftertaste
China’s largest coffee chain slipped into same-store sales contraction in the first quarter, as the country’s top takeout dining delivery companies eased a subsidy war that had boosted sales Key…
Brewing consolidation and drilling for growth: China’s coffee and dental sectors face new realities
The controlling stakeholder of Luckin Coffee has purchased the smaller, more upscale Blue Bottle Coffee brand for $400 million. Is a big expansion in the cards for Blue Bottle in China? And dental materials maker Huge Dental has filed to list in Hong Kong.
NEWS WRAP: Luckin controlling stakeholder buys Blue Bottle Coffee
Centurium Capital purchased the high-end U.S. coffee chain, which has about 100 stores worldwide, for less than $400 million from global food giant Nestle By Doug Young Centurium Capital…
BRIEF: Luckin launches new big-store format with 30,000th shop
Luckin Coffee Inc. (LKNCY.US) on Sunday announced its launch of a new large-store format with its first Origin Flagship shop in the South China city of Shenzhen. The two-story store,…
NEWS WRAP: Expanding Nowwa Coffee raises tens of millions of dollars in new funding
The chain that distinguishes itself for its ‘healthy coffee’ has grown to more than 10,000 outlets just five years after its founding By Doug Young The fast-growing Nowwa Coffee…
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