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Starbucks" China rival Luckin seeks to raise up to $586.5 million in IPO

Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed......»»

Category: topSource: reutersMay 6th, 2019

Starbucks" China rival Luckin looks to raise up to $586.5 million in IPO

Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, is looking to raise up to $586.5 million, its filing with the U.S. Securities and Exchange on Monday showed......»»

Category: topSource: reutersMay 6th, 2019

Will Burger King"s $5 Coffee Trick Hurt Starbucks and McDonald"s?

The BK Cafe Coffee subscription could drive business away from rival morning haunts......»»

Category: topSource: foxnewsMar 17th, 2019

Coca-Cola to Buy U.K. Starbucks Rival Costa for $5.1 Billion

Coca-Cola said it would buy British coffee-shop chain Costa for $5.1 billion, diversifying further from its soft-drink roots and marking the latest bet by a major consumer goods company on coffee......»»

Category: smallbizSource: wsjAug 31st, 2018

Coca-Cola acquires U.K. coffee chain, Starbucks rival Costa

Coca-Cola is acquiring London-based coffee chain Costa for $5.1 billion in a deal that gives the company a major retail presence in fore.....»»

Category: topSource: usatodayAug 31st, 2018

Exclusive: Chinese upstart Luckin Coffee seeks funds to double valuation to $2 billion - sources

Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, is targeting a valuation of $1.5 billion to $2 billion as it launches a new round of funding, people familiar with the matter told Reuters......»»

Category: topSource: reutersNov 6th, 2018

Churchill Capital Corp IV plunges 35% after Lucid Motors strikes SPAC deal to go public with a $24 billion valuation

The deal will generate about $4.4 billion in cash for Tesla rival Lucid, which plans to use the funds to expand its manufacturing facility in Arizona. Lucid Air. Lucid Churchill Capital IV fell.....»»

Category: topSource: businessinsiderFeb 23rd, 2021

: Starbucks shares rise after Luckin Coffee bankruptcy filing

Starbucks shares closed down for five straight sessions last week, but edged up 0.8% on Monday, keeping them in range of their record close......»»

Category: topSource: marketwatchFeb 16th, 2021

Pegatron obtains land for new plant in India

Pegatron has gained land use rights for a 423,195-square feet industrial site in Mahindra City, India, according to a company filing with the Taiwan Stock Exchange (TWSE). The total transaction value is INR1.03 billion (US$14.08 million)......»»

Category: topSource: digitimesFeb 1st, 2021

India"s Reliance says Silver Lake to invest nearly $750 million in its digital arm

Reliance Industries Ltd said on Monday private equity firm Silver Lake will invest 56.56 billion rupees ($746.74 million) in its digital arm, giving it a valuation of 4.90 trillion rupees......»»

Category: topSource: reutersMay 4th, 2020

Starbucks rival Luckin Coffee faked nearly half of its roughly $732 million in sales, according to an internal investigation that found the Chinese coffee giant"s COO fabricated orders

REUTERS/Jason Lee Luckin Coffee, a s.....»»

Category: topSource: businessinsiderApr 2nd, 2020

‘There’s an oiliness in it that stays in your mouth.’ This cafe charges $39 for a cup of java made from bird droppings

Holy Crapuccino! A $9 Starbucks coffee may never seem quite so expensive again......»»

Category: topSource: marketwatchFeb 7th, 2020

In Q1 Report, Starbucks Says Closes Over Half of Chinese Stores on Coronavirus Outbreak

Starbucks reported fiscal first-quarter results after markets closed Tuesday. For the quarter, the coffee giant said that it had $0.79 in earnings per share (EPS) and $7.10 billion in revenue, versus........»»

Category: blogSource: 247wallstJan 28th, 2020

Starbucks Biggest Chinese Rival Expands Into Vending Machines Business

Luckin Coffee (NASDAQ: LK) is adopting a more aggressive approach towards capturing the Chinese coffeehouse market. 0 read more.....»»

Category: blogSource: benzingaJan 8th, 2020

"A web of anticompetitive conduct": Why Intel blames Qualcomm for having to give up its smartphone modem chips to Apple

Intel Corp. sold its smartphone modem chip business to Apple Inc. in July, but in a new court filing said it did so reluctantly and at a “multi-billion dollar loss” as a result of actions by rival Qualcomm Inc. Santa Clara-based Intel filed an.....»»

Category: topSource: bizjournalsDec 2nd, 2019

Intel says Qualcomm tactics forced it out of modem chip market

Intel Corp sold its smartphone modem chip business to Apple Inc at "a multi-billion dollar loss," the U.S. chipmaker said in a court filing on Friday, alleging that rival Qualcomm Inc forced it out of the market......»»

Category: topSource: reutersNov 29th, 2019

Starbucks warns of profit-growth miss as stock’s rapid rise prompts ‘pull forward’ of buybacks

Shares of Starbucks Corp. slumped Wednesday after the coffee seller warned that 2020 profit growth will be below its target, citing a “pull forward” of about $2 billion worth of stock repurchases, which would have boosted per-share results......»»

Category: topSource: marketwatchSep 4th, 2019

India"s Coffee Day to sell Bengaluru tech park to Blackstone, cut debt

Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt......»»

Category: topSource: reutersAug 14th, 2019

Tycoon who founded Starbucks’ Indian rival goes missing

Coffee Day Enterprises Ltd., the Indian rival of Starbucks Corp., slumped the most on record after its tycoon founder went missing......»»

Category: topSource: moneycentralJul 30th, 2019

37-year-old former teacher is India"s newest billionaire

India’s newest billionaire is a former classroom teacher who developed an education app that’s grown to a valuation of almost $6 billion in about seven years......»»

Category: topSource: moneycentralJul 29th, 2019