coffee industry

Company in the news

Hedge fund that shorted Luckin Coffee since 2019 is betting on worse to come

Once seen as one of China’s brightest growth stories and the homegrown answer to Starbucks Corp., Luckin’s disclosure in early April that senior executives may have fabricated $310 million of sales has plunged the company into crisis.

Investing strategies

Luckin Coffee: Why did investors ignore the red flags?

It was said that Ivar Krueger burned through — in today’s money — US$1.5 billion ($2.14 billion) of financier’s funds.

Corporate moves

Food Empire records robust growth; declares higher dividend on better outlook

With higher growth and dividends, here's what Food Empire is up to.
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