Welcome to Top Store

Best Products at Best Prices

0$0.00

No products in the cart.

Tag: luckin

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

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

Coronavirus shuts restaurants in China, sending Luckin, Starbucks shares lower

Wary of the coronavirus, crowds of people wear surgical masks. In light of a deadly virus outbreak in China, Hong Kong citizens wore surgical masks in fear of contracting the flu. Willie Siau | Getty Images Restaurant stocks fell Monday amid mounting concern about the Wuhan coronavirus and its impact on the global economy. The …

Coronavirus shuts restaurants in China, sending Luckin, Starbucks shares lowerRead More