Luckin Coffee eyes global leap as China’s Double 11 loses its luster
Luckin could be preparing a bid for Costa Coffee. What's driving this potential deal, and what are its chances for success? And this year's Double 11 festival looks like a dud, with most big e-commerce companies failing to publish any big numbers. What does the future hold for this fast-fading shopping fest?
Luckin eyes new challenge to Starbucks with potential Costa bid
China’s leading coffee chain is reportedly in discussions with one or more banks for a $900 million loan to finance a bid for the British coffee chain, which is being…
INDUSTRY BRIEF: Starbucks joins China coffee wars with price cuts
Starbucks Corp. (SBUX.US) said on Monday will lower the prices on some of its iced drinks in China by an average of 5 yuan ($0.70), according to media reports, as…
BRIEF: Luckin returns to same-store sales growth in first quarter
Luckin Coffee Inc. (LKNCY.US) said on Tuesday its revenue rose 41.2% year-on-year to 8.87 billion yuan ($1.22 billion) in the first quarter of 2025, as it returned to profitability and…
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,…
