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…
Gemilai brews up new coffee IPO. But will an overheated market scare off investors?
The leading espresso machine maker has filed to list in Hong Kong, reporting 44% revenue growth and a fivefold profit increase last year Key Takeaways: Gemilai is offering investors a…
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…
BRIEF: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…
China’s prepackaged coffee drink market enters new era of quality
The country’s ready-to-drink coffee market has grown rapidly in recent years, transforming from a simple pick-me-up product into a lifestyle statement LeadLeo Research Institute China’s ready-to-drink (RTD) packaged coffee…
Three years after launching Chinese coffee war, Cotti runs low on steam
The country’s second-largest domestic coffee chain has become relatively quiet over the last year, after boasting of plans to open 50,000 stores by the end of this year Key Takeaways:…
BRIEF: Luckin launches in U.S. without signature budget pricing
Chinese coffee chain Luckin Coffee (LKNCY.US) has officially entered the U.S. with the June 30 opening its first two stores in Manhattan, New York, marking a significant step in its…
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