China’s largest coffee chain, Luckin Coffee, is planning to enter the US market and undercut rivals including Starbucks with its low-priced drinks, marking a comeback for the company after a fraud ...
Starbucks’ new CEO Brian Niccol has a Herculean task in front of him to change the dire state of affairs that the world’s largest coffee chain is currently brewing in. Surprising Wall Street ...
Luckin Coffee (OTCPK:LKNCY) is planning to expand to the U.S., according to the Financial Times. Sources indicate the Chinese coffee chain will price drinks between $2 and $3 in a few cities with ...
Baristas demand better pay, more staff, ban on rude customers Starbucks may add staff, curb coffee deals, analyst says CEO Niccol to say more on strategy on Oct. 30 Oct 23 (Reuters) - Starbucks ...
At Starbucks, Niccol took over from Laxman Narasimhan, inheriting several challenges at the coffee giant that has been under pressure from an activist investor to improve its business. The coffee ...
But not this year. On Tuesday, after the market closed, the coffee giant reported preliminary quarterly earnings showing a steep decline in same-store sales. Starbucks said global same-store sales ...