Mark Faithfull is London-based and covers retail and real estate Watch out Starbucks, China is double trouble with a tea brand and a low-cost coffee rival, after Chagee and Luckin Coffee stepped ...
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Starbucks hemorrhaged customers last year, and it will now face a rapidly-expanding Chinese competitor for American coffee-drinking dominance.
brewing back the vibe As Starbucks tries to revive its faltering business in China, analysts say strategic partnerships and returning to its roots as a place where customers come for a coffee ...
Restaurants are along for the ride as U.S. stock futures head sharply lower, pressured by fears that expanded tariffs will ...
Economists and supply chain experts told BI consumers will spend about $4,000 more this year due to cost increases caused by ...
The U.S. coffee giant has lost its market leader position to Luckin Coffee, which surpassed Starbucks’ domestic revenue in 2023 with over 20,000 stores, compared to Starbucks’ 7,596 locations.
China's premium tea chain Chagee has filed for a Nasdaq listing, and is hoping to impress U.S. investors with its growth ...
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