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In potentially the biggest threat to Starbucks since other companies figured out that they, too, could market pumpkin-spice flavored treats, Luckin Coffee, China’s biggest coffee chain, opened its first US stores yesterday with two outposts in New York City. If you haven’t heard of Luckin, it’s probably because you’ve never tried to get a cup of joe … Read more
Luckin Coffee is opening its first U.S. locations. The China-based coffee chain has grown to outnumber Starbucks in its home country. It enters the U.S. market at Starbucks is in the midst of a turnaround effort. While the trade wars are capturing most of the headlines, another battle is brewing between China and the U.S. … Read more
Here’s my first dilemma of the day: the new Luckin Coffee near my office in Hong Kong wants me to download their app for a $2 drink. Without it, it’s $3.75. Fine. I register, get a WhatsApp code and scroll through their menu: fruity Americanos, a seasonal kale tea and the coconut milk latte — … Read more
Luckin Coffee—booted from the Nasdaq in 2020—has overtaken Starbucks in China revenue and store count. Read More
https://www.profitablecpmrate.com/nsirjwzb79?key=c706907e420c1171a8852e02ab2e6ea4