While Luckin Coffee’s Manhattan debut in June 2025 drew wide coverage, signaling the arrival of a Chinese model for discount specialty coffee in the United States, another rapidly growing Chinese chain with an intertwined backstory had already been spreading throughout the country for more than a year, with less media fanfare. Cotti Coffee, which claims…
South Korean retail tycoon Chung Yong-jin on Tuesday issued his second apology in two weeks as Starbucks’ local operation faces a backlash over a recent marketing campaign that was widely perceived as mocking victims of a bloody military crackdown on pro-democracy protesters in 1980. Shinsegae Chairman Chung Yong-jin speaks during a press conference in Seoul…
Get insights on thousands of stocks from the global community of over 7 million individual investors at Simply Wall St. Starbucks, NasdaqGS:SBUX, has finalized the sale of its China business to a local partner. The company reports a turnaround with strong Q2 momentum, better customer traffic, and successful menu innovation. These operational updates come alongside…
With Chinese coffee brands eyeing overseas expansion, analysts said those seeking to succeed as global players must move beyond low-price strategies and a narrow focus on operational efficiency. “Overseas consumers have long associated Chinese brands mainly with cost performance,” said Fu Yifu, a special research fellow at Su Merchants Bank in Nanjing, in the eastern…
Hong Kong – Starbucks Hong Kong has opened its latest concept store at the Hong Kong Palace Museum (HKPM) in the West Kowloon Cultural District, showcasing modern Chinese artistry, local art installations, and a range of exclusive beverages. Designed as a tranquil retreat from the bustling city, the HKPM concept store offers a space where…
US multinationals are increasingly aiming to derisk from China amid souring trade ties. Complaints about red tape and favoritism mask a harsher truth: China’s market is brutally competitive and local rivals are winning.When Starbucks opened its first store in Beijing in 1999, it wasn’t just selling coffee; it was selling Western aspirations to China’s rising…
Thousands of unionized Starbucks workers plan to walk off the job Thursday after workers authorized a strike “with no set end date,” after the company failed to reach a contract agreement with the union. Starbucks Workers United is calling the strike the “red cup rebellion,” since the strike coincides with the coffee chain’s annual Red…
Starbucks announced its 2025 holiday menu with several existing and new flavored drinks going on sale this week, but what’s generating the most buzz is a new item: a $30 “bearista” mug, a glass cup for cold drinks resembling a honey bear container. The mug, which is topped with a green silicone beanie, went on sale Thursday…
Starbucks unionized workers say they plan to strike on Nov. 13 — the coffee chain’s Red Cup Day — if the company doesn’t finalize a contract by then. Starbucks Workers United announced Wednesday that its members voted to authorize a strike as they continue their effort to secure a labor contract that offers them better…
Starbucks CEO Brian Niccol took the helm in September 2024, inheriting a company facing its first revenue decline in four years amid customer complaints about high prices and long wait times. A year later, the coffee giant has halted the slide but faces fresh pressures, from surging coffee bean costs to store closures. Coffee prices jumped…