OTCPK:LKNC.YHospitality
Luckin’s Rapid Expansion And Premium Acquisition Talks Might Change The Case For Investing In LKNC.Y
In recent weeks, Luckin Coffee reported double-digit growth in store count, monthly active customers, same-store sales, and revenue, while also confirming it is in early-stage talks to acquire premium brands such as Nestlé’s Blue Bottle Coffee and the operator of % Arabica’s China business.
This combination of rapid operational expansion and a potential move upmarket into premium coffee suggests Luckin is testing how far its model can stretch beyond low-priced, app-driven beverages.
With...