Fast-growing Chinese operator Luckin Coffee is reportedly poised to enter Malaysia in partnership with an unnamed Bursa Malaysia-listed franchisee. Selangor-based financial news outletThe Edgequoted sources as saying Luckin Coffee will pursue rapid outlet growth in Malaysia over the next five years in...
Alongside strong sales and outlet growth, Luckin Coffee also reported a 124% rise in average monthly transacting customers in 2023 to 48.4 million. “We delivered another year of strong operational and financial performance, resulting in record high revenue up 87% from the year prior and advancing...
Cotti opened its 10,000th outlet last week in Doha, Qatar. Starbucks China woes Luckin and Cotti’s gain is Starbucks’ loss. China has been a key growth market for the U.S. coffee chain as Chinese urban consumers flocked to buy its (relatively expensive) coffee. Yet Starbucks’ China ...
#sgfoodies When I arrived to collect the drink, I was surprised that it was one of the biggest outlet & there are a cosy seating area. There are a lot of seats inside & in front of the store. This is a great place to chill after a