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While trade wars seized the majority of headlines, another battle is brewed by the consumer cafination between China and the United States.
Buckin coffee with the largest coffee chain in China, opened one seat In New York. And this can put an additional emphasis on the ongoing turning plans of Starbucks, because the soup has grown as in China, which is 22,000 locations.
Founded in 2017, Luckkin offers more than a scale houses than the coffee shops, designed to extend customers. He accepts non-cash payments and has leading booths. Small footprint reduces costs and allowed LUCKIN to offer lucky customers at a lower price especially at a lower price than starbucks.
It may still be known that the success in the United States is still unknown. Luckin’s previous work efforts in North America did not go according to the plan. He applied for an IPO in 2019 HalfHowever, he was able to delete the winner after admitting that he was lying about.
Starbucks, in the last few years, the activist struggled in investors and stores in several years due to an unequal experience. Last year, the company was his CEO and hired brian nicolFormer CEO Chipotle Mexico Grill. It has so far cut 30% of menu items and start writing messages to baristas, simplify store operations and redesigning customers’ contact feelings. The company also hired New cfo.
Luckin will offer the same cold brew and hot coffee choices like Starbucks. There are signature items such as pineapple and raspberry version of icy coffee mixing in coconut milk, fruit juices and cold foams.