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Starbucks Corp (SBUX.OQ)

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Thu, Jan 3 2019

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Coffee startup Luckin plans to overtake Starbucks in China this year

BEIJING Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world's second-biggest economy, it said on Thursday.

UPDATE 1-Coffee startup Luckin plans to overtake Starbucks in China this year

* Luckin focused on "scale and speed" - chief marketing officer (Adds comment, context)

Chinese coffee startup Luckin plans to open 2,500 stores this year

BEIJING, Jan 3 Chinese coffee startup Luckin is aiming to open 2,500 new stores this year and overtake Starbucks Corp as the largest coffee chain by number of outlets in the world's second-biggest economy, the company said on Thursday.

Breakingviews - Starbucks will start brewing a venti Chinese deal

HONG KONG (Reuters Breakingviews) - The Starbucks Reserve Roastery in Shanghai stands as a hulking symbol of the company’s Chinese ambitions. The 30,000-square-foot caffeinated wonderland represents just one of 6,000, mostly smaller stores the chain plans to roll out across the mainland by 2022. Such bold plans will run up against stiffer competition and trade-war-related pressures in 2019. Local backers will help preserve this fledgling Bean Dynasty.

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent. | Video

UPDATE 1-Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Dec 13 Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.

Starbucks partners with UberEats for delivery in U.S., to double China stores

Dec 13 Starbucks Corp said on Thursday it is partnering with UberEats to deliver food and coffee from nearly a quarter of its restaurants in the U.S. and will nearly double its outlets in China over the next four years.

Chinese startup Luckin Coffee's valuation doubles to $2.2 billion

BEIJING/SHANGHAI Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, said on Wednesday it has raised $200 million in its latest funding round, increasing the company's valuation to $2.2 billion.

China startup Luckin Coffee raises $200 mln in latest funding round

BEIJING, Dec 12 Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, said on Wednesday it has raised $200 million in its latest funding round, bringing the company's valuation up to $2.2 billion.

South Africa's Taste halts Domino's and Starbucks store expansion

JOHANNESBURG South Africa's Taste Holdings said on Tuesday it had halted the roll out of new Domino's Pizza and Starbucks stores after reporting a loss in the first half of its financial year.

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