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…
Starbucks seeks a China partner, and vaping looks to diversify
Starbucks sends invitations for buying part of its China operations. And vaping companies are scrambling to diversify production.
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…
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,…
Locked in overheated battle with its clone at home, Luckin eyes expansion in U.S.
China’s largest coffee chain is accelerating its move overseas, even as two-year-old rival Cotti Coffee does the same Key Takeaways: Luckin Coffee plans to expand to the U.S. and other…
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