coffee

Financing

Luckin Coffee makes a play for the premium market

The Bottom Line: The fast-growing Chinese chain, known for its low prices, is reportedly acquiring the higher-end brand Blue Bottle Coffee from Nestle for $400 million.

Financing

Black Rock Coffee Bar sees a path to 1,000 shops

The Bottom Line: The coffee chain’s stock has stumbled since it went public in September, at least in part due to landlord delays. But executives believe the company has shaken that off.

The beverage chain’s “walk-thru” shop near the University of Southern California campus could demonstrate its ability to work in more urban markets. That could change the chain’s growth potential.

The coffee shop giant, which wants to expand in the Southeastern U.S., plans to open the facility later this year. It is the latest major restaurant chain to open a corporate office in the state.

The drive-thru beverage chain is always looking for conversion opportunities as it pushes its rapid expansion strategy. The company wants 2,029 restaurants by 2029.

A Deeper Dive: Mike Grams, chief operating officer of the coffee shop giant, joins the restaurant finance podcast to discuss the company’s turnaround, remodels, service improvement and expansion.

The coffee shop giant has spent the past 18 months returning to its roots as a coffee shop where customers want to stay. Now the company plans to go on offense.

Matcha also gets more play, as the coffee giant expands the selection with permanent additions, featuring more berries and banana.

The Bottom Line: Most of the coffee chain’s customers still come into its shops, even if they have no intention of sticking around. That makes it important for those shops to be inviting.

The coffee shop giant this spring will reconfigure its Starbucks Rewards loyalty program to feature three levels that give members more personalized benefits and premium experiences.

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