- Luckin Coffee accuses its COO of fabricating sales by a massive £252.90 million in 2019.
- The coffee company slipped over 75% that wiped out £4.08 billion from its market value.
- The Starbucks' competitor says it will pursue legal action against the COO and team responsible.
Features & analysis
The Powerful Reasons to Invest in Coffee This Month
Coffee has become a hugely popular drink across the planet in the last few years. The success of chains like Starbucks and Costa Coffee has led to demand for coffee going through the roof. It is estimated that more than 2.25 billion cups of this drink are consumed every day. Therefore, it is worth considering whether to stimulate your portfolio by pouring some of your money into coffee this month. Trading Coffee as a Commodity There are different...
Latest Coffee news
Company could abandon original plan to spin off coffee chain
Premier Inn owner reports rise in full-year revenue
Profits at Costa Coffee come in flat
Group posts rise in full-year sales but profits miss expectations
Group posts total sales growth of 8.6% for Q3
Morgan Stanley analysts project improved performance
Costa Fresco opens in central London in attempt to boost group sales
Wheat futures drop one percent amid favourable weather forecasts
Coffee prices post biggest two-day decline since 2010 as experts forecast heavy rainfall
Capital investment seen at up to £400 million
Mondelez share price up as it receives the proceeds from the dispute
Grain Futures Edge Lower after Yesterday’s Gains
Cocoa Price Hits Near Two-Week High, Orange Juice Up on Hurricane Concerns
Arabica Coffee Remains Choppy, While Cocoa and Sugar Lift Soft Commodities’ Overall Performance
Brazil Expects Larger Sugar Output and Growth in High-Quality Arabica Production
Prices Are Expected to Rebound as Buyers Look for High-Quality Arabica Beans