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Financing

Luckin Coffee gets a delisting notice

 By Jonathan Maze on May 19, 2020

Nasdaq notified the troubled coffee giant that it would be delisted, and the company plans to appeal.

Financing

Luckin Coffee fires its top 2 executives after fraud investigation

 By Jonathan Maze on May 12, 2020

The Chinese company terminated CEO Jenny Zhiya Qian and COO Jian Liu and suspended six more employees who knew of fabricated transactions.

Financing

Starbucks hit with a rare sales decline as pandemic shuts stores

By Jonathan Maze on Apr. 28, 2020

The coronavirus has cost it more than $900 million in revenue, and the company said things will get worse before they get better.

Financing

Starbucks plans to reopen stores early next month

By Jonathan Maze on Apr. 16, 2020

The coffee giant plans to open with modified operations and safety measures as it shifts to a new phase in its coronavirus response.

Financing

Half of Starbucks’ U.S. locations are closed

By Jonathan Maze on Apr. 08, 2020

The company said same-store sales fell as much as 70% in the last week of March as the coronavirus shutdown took hold.

Financing

Fast-growing Luckin Coffee admits to a massive fraud

By Jonathan Maze on Apr. 02, 2020

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

By Jonathan Maze on Mar. 22, 2020

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.

Financing

Starbucks is closing access to its cafes

By Jonathan Maze on Mar. 20, 2020

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.

Financing

Dunkin’ is giving franchisees royalty relief

By Jonathan Maze on Mar. 19, 2020

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

Financing

Starbucks to eliminate seating and close some stores

By Jonathan Maze on Mar. 15, 2020

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.

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