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NEW YORK -- Just less than a month after Luckin Coffee opened its two outlets in Manhattan, several storefronts in the bustling office area of midtown and the financial district were quickly ...
The stake sale exercise is underscoring Starbucks' identity crisis in China as it tries to salvage a flagging legacy business ...
Starbucks’ ultimate goal, its CEO says, is to return a community coffeehouse vibe to the world’s largest coffee shop chain.
Starbucks, they argued, should have smaller stores, employ fewer people and cut prices, according to people familiar with a ...
According to market research institute Mintel Group China, both Starbucks and Luckin have reported strong growth in the ...
Stumptown reigns supreme in the cold brew world, setting the gold standard that other brands aspire to match. Their ...
A fast-growing coffee chain from China is challenging Starbucks' global dominance with cheaper prices and a unique approach ...
But the strategy adopted by Luckin' worked: the coffee chain promises more affordable options and emphasizes on mobile ...
The partnership is designed to grow the New York-based artisanal coffee chain across the country through franchising, which ...