coffee industry
The Latest
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Returning Starbucks CEO Howard Schultz Halts Share Buyback
Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. Howard Schultz's first act as interim CEO was to suspend the company's planned $20 billion share buyback program. -
Starbucks Reports Slightly Lower Holiday Profits Amid Inflation
Starbucks said it may be forced to increase prices once again due to the surge in prices of materials and labor. Starbucks said it may be forced to increase prices once again due to the surge in prices of materials and labor. -
Vietnam Lockdown Threatens Global Coffee Supply
The movement restrictions imposed in Vietnam are expected to further disrupt the global supply of coffee beans. The movement restrictions imposed in Vietnam are expected to further disrupt the global supply of coffee beans. -
Starbucks Q2 Earnings Show U.S. Sales Recovery, With More To Come
Starbucks reported strong same-store sales and average ticket growth in the U.S. and China. Starbucks reported strong same-store sales and average ticket growth in the U.S. and China. -
Inspire Runs For Dunkin’ At $106.50 A Share
Dunkin’ confirms offer and sources say a deal might arrive this week. Dunkin’ confirms offer and sources say a deal might arrive this week. -
Mourning Joe: Costa Coffee Says Goodbye To More China Cafes In Cost-Cutting
After closing 40 outlets in China in August Costa Coffee will shut even more through January 2021 thanks to the economic downturn. After closing 40 outlets in China in August Costa Coffee will shut even more through January 2021 thanks to the economic downturn. -
Luckin Coffee Receives Second Delisting Notice From NASDAQ
Luckin Coffee received its second delisting notice from the NASDAQ after it had failed to file it annual earnings report on time. Luckin Coffee received its second delisting notice from the NASDAQ after it had failed to file it annual earnings report on time. -
NASDAQ Threatens Delisting Of Luckin Coffee's Shares Over Misconduct
Luckin Coffee received a letter from the US exchange, informing it of a decision to delist its shares made by its listing qualifications staff. Luckin Coffee received a letter from the US exchange, informing it of a decision to delist its shares made by its listing qualifications staff. -
Luckin Coffee Fires CEO And COO Over Financial Misconduct
Luckin Coffee has fired its CEO Jenny Zhiya Qian and its COO Jian Liu, while also removing both people from its board of directors. Luckin Coffee has fired its CEO Jenny Zhiya Qian and its COO Jian Liu, while also removing both people from its board of directors. -
Luckin Coffee Facing Possible Delisting Following Faked Sales Data
Luckin Coffee could be facing delisting and bankruptcy as a consequence of the recently uncovered falsification of its financial statements last year. Luckin Coffee could be facing delisting and bankruptcy as a consequence of the recently uncovered falsification of its financial statements last year.