Lara
Friend of the Arts
- Location
- Mid-Atlantic Coast
I was just reading that China has overtaken Starbuck's coffee shops with their own Coffee Shops that make $2 coffee called Luckin Coffee. China is Starbuck's 2nd largest market after the US. I wonder which coffee is better.
How Luckin Coffee overtook Starbucks as the largest coffee chain in China.
“Luckin was able to expand so fast because of its operating model — which includes self-operated stores and franchises,”
said Li of Momentum Works. Meanwhile, Starbucks’ stores worldwide are company-owned and the American coffee chain does not franchise operations, according to its website. Instead, it sells licenses to operate. In the quarter ended July 2, the company opened 588 new stores — about 40% of Luckin’s count.
How Luckin Coffee overtook Starbucks as the largest coffee chain in China.
“Luckin was able to expand so fast because of its operating model — which includes self-operated stores and franchises,”
said Li of Momentum Works. Meanwhile, Starbucks’ stores worldwide are company-owned and the American coffee chain does not franchise operations, according to its website. Instead, it sells licenses to operate. In the quarter ended July 2, the company opened 588 new stores — about 40% of Luckin’s count.
Last edited: