Rajiv MenonFood
Luckin Store Count Hits 36,310 as Franchisee Margins Squeeze
Revenue from partner stores rose 27.9 per cent in the second quarter while store count jumped 36.1 per cent, diluting individual shop returns across China.
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luckin coffee
Every story tagged luckin coffee on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged luckin coffee
25 stories in this topic
Rajiv MenonFood
Luckin Coffee Opens 100Th Singapore Store in Bugis Expansion
The Chinese beverage chain claims second place in the market by store count after serving over 1.9 million transacting customers since 2023.
Rajiv MenonFood
Fast-Food Chains Cross Borders as McDonald’s Plans 1,000 New Outlets in China
Church’s Texas Chicken, Wendy’s, Mixue, and Luckin Coffee are driving cross-border store rollouts despite wider geopolitical strains between Washington and Beijing.
Minjun ParkFood
Heytea Expands US Footprint with Philadelphia Store as Chinese Chains Scale Up
The Shenzhen-headquartered chain operates more than 4,000 outlets worldwide and joins rivals Luckin Coffee and Mixue in taking high-volume retail models into North America.
Maria SantosFood
Mubadala Invests $1 Billion in Luckin Coffee Alongside Centurium
The Abu Dhabi sovereign wealth fund takes a minority stake in China’s largest coffee chain as store numbers pass 36,000 locations globally.
Sarah ChenGeneral
China Instant Retail Reaches 1.2 Trillion Yuan as Platforms Trade Subsidies for Warehouses
Alibaba and Meituan now hold 45.7 per cent and 45.3 per cent of the fast-delivery market after cutting costly meal discounts.
Sarah ChenFood
Chinese Coffee Powerhouse Luckin Bids for Premium Leap with Potential Blue Bottle Acquisition
Luckin Coffee, a major Chinese coffee company, is planning to upscale its operations. The company is currently exploring potential acquisitions to establish a premium coffee business parallel to its mass-market core. Acquisition Ambition The company is…
Wei ZhangFood
Explosive Growth: Luckin Coffee Revenue Skyrockets by 50% as 3,000 New Stores Open Worldwide
In the third quarter, China’s Luckin Coffee Inc. experienced a significant revenue boost, supported by an impressive number of new store openings. The chain saw its total net revenue surge by 50.2% year-on-year to RMB15.287 billion (US$2.14 billion) by the…
Minjun ParkFood
Record Q2 Revenue For Luckin Coffee Amid Global Expansion And Increased Customer Engagement
Luckin Coffee reported an unprecedented revenue of $1.72 billion in the second quarter, representing a 47 percent year-on-year increase. This performance coincides with the expansion of the Chinese coffee chain’s global footprint to 26,206 outlets, including…
Rajiv MenonFood
China’s largest coffee chain Luckin Coffee establishes exclusive coconut island in Indonesia
China’s largest coffee chain Luckin Coffee has signed an agreement with Indonesia’s Banggai Islands Regency, making it the exclusive premium origin of coconut milk for its flagship Coconut Latte. The memorandum of understanding it signed with the regency…
Aiko TanakaFood
Luckin Coffee may launch in the US as early as next year
Chinese coffee chain Luckin Coffee is exploring potential expansion into the US, with a launch possibly as early as next year. During an earnings call, Luckin Chairman and CEO Guo Jinyi emphasised both the promise and challenges of overseas growth. “The…
Minjun ParkFood
Luckin Coffee to launch in Malaysia
Chinese chain Luckin Coffee will launch its first location in Malaysia, its second overseas market after Singapore. According to local sources, the launch is in collaboration with a Bursa Malaysia-listed company. Luckin Coffee intends to grow its market…
Sarah ChenFood
Luckin Coffee to make Southeast Asia debut in Singapore this month
Luckin Coffee, the once-troubled Chinese coffee chain, is slated to open up locations in Singapore as early as this month. The development follows the coffee chain’s job postings earlier this year looking for store managers in the city-state. It also aims to…
Rajiv MenonFood
Scandal-plagued Luckin Coffee secures US$250 million lifeline
Luckin Coffee, the scandal-plagued Chinese coffee shop chain, secured a $260 million investment from existing shareholders Centurium Capital and Joy Capital. It also replaced its independent auditor. This will help Luckin satisfy a $180 million settlement…
Rajiv MenonFood
Luckin Coffee fined US$9 million for accounting fraude
Disgraced Chinese coffee chain Luckin Coffee, along with more than 40 other firms involved in the deception, has been fined almost US$9 million for falsifying its financial records. According to reporting, China’s finance ministry has previously found Luckin…
Minjun ParkFood
Luckin Coffee names new chairman and CEO after founder ousted
Luckin Coffee has named Jinyi Guo as chairman and CEO as the Chinese chain tries to move past an accounting scandal that nearly brought it down. Guo, a director, and former acting CEO, replaces founder and former chairman Charles Zhengyao Lu, who was voted…