• Chinese chain Luckin Coffee still can’t catch a break

    Chinese chain Luckin Coffee still can’t catch a break

    Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattled Chinese coffee chain to lenders after a company controlled by Lu’s family defaulted on a $518 million margin loan, one of the banks said on Monday. The default comes after Luckin, a major rival to Starbucks …
  • Starbucks baristas push for stores to close due to Chinese virus

    Starbucks baristas push for stores to close due to Chinese virus

    Coffee may feel essential, but in the face of coronavirus it’s putting thousands of Starbucks workers at risk, according to a new petition. Starbucks baristas, managers and other store employees are pushing the java giant to close its stores to protect them from the viral COVID-19 outbreak that’s expected to overwhelm hospitals in infected areas, …