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A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol - TL;DR CNBC

A fast-changing Chinese coffee market awaits Starbucks CEO Brian Niccol

Publishing timestamp: 2024-11-01 09:10:35


Summary

Starbucks is facing challenges in China as same-store sales plummet, but CEO plans to visit to understand the market. Local upstarts like Luckin Coffee offer lower prices, but Starbucks still has advantages. Chinese chains offer unique coffee options and lower prices, while Starbucks remains a go-to spot for hanging out with friends or business contacts.


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Keywords: starbucks corpbusiness newsrestaurant brands international incfood and drinkretail industrybrian niccollifestylechinabreaking news: businessmcdonald's corpyum! brands inc

Source: https://www.cnbc.com/2024/11/01/chinese-coffee-market-starbucks-ceo-brian-niccol.html


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