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…
INDUSTRY BRIEF: Starbucks considers selling China business
Starbucks Corp. (SBUX.US) is considering selling its China business, shifting from a previous plan to sell a stake in the operation to one or more partners, financial media Caixin reported…
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…
