Luckin

Luckin Coffee surges again, snaps up Nestle upscale chain Blue Bottle for nearly half the $700M asking price

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Luckin Coffee surges again, snaps up Nestle upscale chain Blue Bottle for nearly half the 0M asking price

Luckin Coffee — China’s largest coffee chain that set up shop in Gotham in June of 2025 and has since been competing with American coffee giants like Starbucks — may just froth over with another win. Centurium Capital Partners, the buyout firm that helped turn around the Chinese coffee market leader, is acquiring the upscale … Read more

Exclusive | How Luckin, Cotti and other Chinese coffee chains are eating Starbucks’ lunch amid inflation

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Exclusive | How Luckin, Cotti and other Chinese coffee chains are eating Starbucks’ lunch amid inflation

A coffee Cold War is brewing in the Big Apple. Once poised to take over the New York caffeine scene, Starbucks’ star appears to be fading in the Northeast, with the Seattle-based coffee giant shuttering a whopping 42 of its locations across the Big Apple in recent months — as part of a purge that eliminated … Read more