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Starbucks (SBUX) has reportedly shortlisted about a dozen parties, including private equity firms and technology companies, ...
The chain is looking for a local partner to help run its stores in China as it looks to open "thousands" more outlets there ...
Luckin overtook Starbucks as China’s largest coffee chain by store count and revenue two years ago. The company is now ...
Discover insights into Starbucks' Q3 earnings expectations. Analysts foresee challenges in same-store sales, China margins, ...
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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.
The C.E.O., Brian Niccol, said the coffee chain’s turnaround was in progress, and sales in China increased for first time in ...
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.
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 reported a higher than expected revenue rise for the third quarter, with improved demand in China, menu changes and ...
The parties, which include Tencent Holdings and KKR, will get access to Starbucks' China financials so they can craft bids in ...
Luckin overtook Starbucks as China’s largest coffee chain by both store count and revenue two years ago, capitalising on a slowing economy that pushed consumers towards lower-cost alternatives. It ...
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