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24/7 Wall St. on MSNStarbucks vs. Luckin: U.S. Icon Slows as Chinese Company Surges with 119 New Drinks and 24,000 StoresCoffee: most of us love it, and now the ultimate coffee war is on between veteran Starbucks and newcomer Luckin.
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With a staggering 20,000 stores across the globe, Luckin Coffee, which hails from China, is looking to expand. The brand – ...
As Starbucks works through a global turnaround plan, its China operations once are now the focus of strategic reassessment.
Starbucks' global same-store sales fell 2%. Global traffic dropped 2%, while there was a 1% increase in the average ticket.
Starbucks' China business has attracted offers for a potential stake sale, valuing the coffee chain unit at up to $10 billion ...
Stories about US-China rivalry often centre on artificial intelligence, trade or defence, but we start today with a different area of competition — that between American and Chinese coffee chains.
Starbucks said it is looking for a strategic partner for its China business, as it reportedly has attracted offers for a ...
Luckin Coffee, a Chinese company, has opened its first two stores in New York City in an attempt to challenge coffee giant ...
They include low double-digit percentage same-store sales growth at college locations, improved transaction trends in the US ...
Starbucks (NASDAQ:SBUX) has reportedly shortlisted about a dozen parties, including private equity firms and technology ...
Starbucks is looking for a local partner to help run its stores in China.CEO Brian Niccol said he believes there will be ...
But Starbucks' 17-year relationship with China hasn't been one long honeymoon. In 2013, state television attacked the company for charging more for drinks in China than it does in other countries.
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