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Tag: coffee

Luckin Coffee says probe into sales fraud is ‘substantially’ complete

Luckin Coffee said Wednesday that it has “substantially” completed its independent internal probe into the sales fraud scandal that implicated its top executives. The independent investigation found that the Chinese coffee chain’s 2019 sales were inflated by 2.12 billion yuan ($300 million) and its expenses by 1.34 billion yuan ($190 million) that year. The fraud began in …

Luckin Coffee says probe into sales fraud is ‘substantially’ completeRead More

Wow! Momo joins hands with Café Coffee Day 

Wow! Momo Foods – which owns and operates two quick-service restaurant brands Wow! Momo and Wow! China – announced its strategic partnership with India’s largest homegrown coffee chain – Café Coffee Day. This etches the brand’s 2020 vision of collaboration and co-creation. In sync with this, Wow! Momo chain is set to serve it products …

Wow! Momo joins hands with Café Coffee Day Read More

Wow! Momo join hands with Café Coffee Day 

Wow! Momo Foods – which owns and operates two quick-service restaurant brands Wow! Momo and Wow! China – announced its strategic partnership with India’s largest homegrown coffee chain – Café Coffee Day. This etches the brand’s 2020 vision of collaboration and co-creation. In sync with this, Wow! Momo chain is set to serve it products …

Wow! Momo join hands with Café Coffee Day Read More

Luckin Coffee moves to remove chairman after accounting scandal

Charles Zhengyao Lu. VCG | Getty Images Luckin Coffee announced Friday that its board of directors is moving to force out director and Chairman Charles Zhengyao Lu following an internal investigation of a financial scandal. A meeting will be held July 2 to consider the resignation removal proposal, according to a company statement.  The proposal was …

Luckin Coffee moves to remove chairman after accounting scandalRead More

Luckin Coffee’s stock has been halted for pending news since Tuesday

Cups of drinks are seen at a Luckin Coffee store on April 3, 2020 in Shanghai, China. Yin Ligin | China News Service | Getty Images Luckin Coffee‘s stock has been halted for pending news since Tuesday morning. The coffee chain said Thursday that an internal investigation had found that its chief operating officer had …

Luckin Coffee’s stock has been halted for pending news since TuesdayRead More

Tata Coffee launches e-commerce platform to promote India’s finest reserve single origin specialty coffees

Tata Coffee Limited, a subsidiary company of Tata Consumer Products Limited announced the launch of its e- commerce platform www.coffeesonnets.com. The website debuts with three unique variants of luxury single origin specialty coffee named ‘The Sonnets – Voice of Our Estates.’ Through this online platform, Tata Coffee aims to make its finest estate coffees available …

Tata Coffee launches e-commerce platform to promote India’s finest reserve single origin specialty coffeesRead More

Coffee Start-up Sleepy Owl raises second round of funding from Rukam Capital, AngelList India and DSG Consumer Partners

Sleepy Owl, a Delhi-based start-up in the ready-to-drink coffee space, has raised an undisclosed amount as growth capital in their latest round of funding. This round is led by Rukam Capital and existing investor DSG Consumer Partners & AngelList India also participated. The brand will use the proceeds from the current round of funding to …

Coffee Start-up Sleepy Owl raises second round of funding from Rukam Capital, AngelList India and DSG Consumer PartnersRead More

Coffee alone won’t transform a former pit town – but it can inspire people | Food

I get to travel around the UK a lot, forever celebrating commercial life outside the big cities. On Monday morning, I found encouragement in Ammanford, Carmarthenshire. It was raining hard on this small former pit town. The last of the collieries closed in 2003 and it has been looking for another purpose ever since. Over …

Coffee alone won’t transform a former pit town – but it can inspire people | FoodRead More

Panera Bread to offer coffee subscription program

Panera Bread’s hot coffee and an everything bagel Panera Bread Panera Bread customers can soon drink as much of the chain’s coffee and tea as they want, all for $8.99 per month. The subscription program launching on Thursday comes after the sandwich chain overhauled its breakfast and coffee offerings last year with new options like …

Panera Bread to offer coffee subscription programRead More

Puneet Gulati, CEO, Barista Coffee Company Limited

Differentiate or die. Cliched as it may sound, this mantra has helped Puneet Gulati multi-facet his career across verticals in media and retail sectors. He has an extensive experience in media and retail sector. In the past he has had successful stints with Zee Turner, WorldSpace and Outlook Publishing. Before assuming his current leadership role …

Puneet Gulati, CEO, Barista Coffee Company LimitedRead More