coffee

Financing

Fast-growing Luckin Coffee admits to a massive fraud

The tech-centric coffee chain out of China said it fabricated some of its transactions last year.

Financing

Starbucks is giving employees extra pay for the next month

Workers who continue to come to work at the chain’s open locations will get an extra $3 an hour in "service pay" through April 19.

The coffee chain is going to a drive-thru-only model for at least two weeks and will pay workers for the next 30 days whether they come to work or not.

The company is extending royalty and ad fund payments to help operators conserve cash.

The chain is going to a takeout-only model to reduce the spread of the coronavirus as chains focus increasingly on drive-thru and delivery.

Parent company Restaurant Brands International is devoting time to a brand that has generated “disappointing results” in recent quarters.

The chain reported its best same-store sales in six years, thanks in part to Beyond Sausage, but traffic is still down.

The company has reached an agreement with the convenience store chain to close the units by the end of this year.

The newly created JDE Peet’s also named several new directors.

The restaurant operator opted out of a nearly 30-year arrangement as demands for airport concessions evolve.

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