Tag: starbucks
China’s embattled Luckin Coffee adds lifestyle products to its menu
The Luckin saga continues as the Chinese coffee challenger seeks solutions to the undesirable consequences of a $310 million fraud. On Tuesday, the company announced sacking chief operating officer Liu Jian, the alleged mastermind behind the fraud, and chief executive officer Qian Zhiya, a rare female leader of a Chinese internet…
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Tim Hortons eyes China coffee drinkers with Tencent investment
Canadian coffee-and-doughnut chain Tim Hortons has secured a heavyweight partner to further its China expansion. The company announced on its social media account (in Chinese) on Tuesday that it has landed funding from Tencent, the Chinese social networking and gaming giant, without disclosing the size of the proceeds. Tim Hortons…
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Headspace appoints former Intuit exec CeCe Morken as president and COO
As it looks to continue along its path of developing clinically validated digital therapeutics for consumer and clinical mental health and wellness, Headspace has bulked up its executive team with the addition of longtime Intuit executive, CeCe Morken. Morken will become the company’s first president and chief operating officer, joining…
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Luckin Coffee’s alleged fraud has some silver linings (and even more bad news too)
Chinese coffee chain super-brand Luckin Coffee has been in the spotlight the past week after the company revealed in an SEC filing that it has undertaken an internal investigation into an alleged $300 million fraud on the part of its former COO. That led the stock to drop nearly 80%…
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America’s largest companies are not covered under congressional coronavirus aid package
America’s largest companies are not covered under a bill passed by the House of Representatives on Friday that is supposed to support American workers impacted by the spread of the novel coronavirus. The bill still has to be voted on by the Senate and approved before it can be signed…
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As social distancing measure, Starbucks temporarily shifts to ‘to go’ model in US and Canada
Beginning today, Starbucks is instituting a temporary move to a “to go” model for all of its locations in the U.S. and Canada. One of the more sweeping actions taken by a major food chain, the coffee giant is looking to adhere to advice about social distancing among an exponential…
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