Luckin Coffee Crashes After Company Admits COO ‘Fabricated Transactions’
Those involved in the scheme allegedly fabricated $310 million in total sales and inflated certain costs and expenses.
Luckin Coffee Set for IPO
The Chinese challenger to Starbucks is going public soon after being in operation for only 19 months.
Starbucks Same-Store Sales Pick Up Steam
The coffee chain posts a third straight quarter of accelerating sales growth, indicating its streamlining efforts are paying off.
Starbucks CFO Stuns Wall Street With Retirement
The coffee chain's shares dip more than 3% on news that Scott Maw is leaving after just four years as finance chief.
Pret A Manger Sold to German Investment Fund
The buyer of the sandwich shop chain, JAB Holdings, also owns stakes in Krispy Kreme, Peet's, Au Bon Pain, and Panera Bread.
Starbucks Sales Top $6B But Shares Drop 2%
The coffee giant's U.S. store traffic was flat in the second quarter despite heavy Happy Hour discounting.
Keurig Snaps up Dr Pepper Snapple for $18.9B
The deal is the latest step by Keurig's investment fund parent to build a food and beverage force to rival Coke and Pepsi.
Starbucks Misses Estimates With 2% Sales Rise
The coffee giant is being "squeezed by competitors ranging from boutique coffee sellers to lower-price rivals including McDonald's."
Panera to Become Part of JAB’s Coffee Empire
With the $7.5 billion deal for Panera, the investment firm has now spent more than $40 billion on acquiring coffee and breakfast concepts.
Starbucks to Hire 10,000 Refugees After Immigration Ban
CEO Howard Schultz said the company will be “doubling down” on efforts to support refugees over the next five years.
Coffee Giant to Acquire Krispy Kreme for $1.3B
The investment arm of Germany's Reimann family adds doughnuts to a breakfast empire that also includes K-cup maker Keurig Green Mountain.