Although Luckin Coffee, a chain of coffee shops in China, disclosed a loss of 857 million yuan (RMB) last year, they are still positive about the potential for growth in China. Meanwhile, a Canadian coffee brand, Tim Hortons, announced its expansion into the…
For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. Most locals, however, preferred tea. But now, as younger generations switch to coffee and hundreds of independent…
Despite many cafes closing in the past year, the Thai coffee-shop business is expected to grow 15 to 20 per cent this year. According to specialty coffee growers, the growth will be driven by the country’s economic improvement and higher demand from coffee…