How Starbucks Lost the Top Spot in China’s Coffee Race

Starbucks is dropping its prime spot amongst chains racing to satisfy China’s rising thirst for espresso.

Luckin Coffee has surpassed Starbucks as China’s largest espresso chain by gross sales and models, firm experiences present, a comeback for the Chinese firm after an accounting scandal that stalled its progress.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8