 Luckin Coffee

Luckin Coffee, Inc. provides food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. Its offerings include both hot and iced freshly brewed coffee such as Americano, Latte, Cappuccino, Macchiato, Flat White, and Mocha as well as specialty coffee based on market and seasonal trends. The firm also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

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Luckin Coffee, Inc. engages in providing food and beverage items, and operates coffee retail stores. It manages pick-up stores, relax stores, and delivery kitchens. It also offers tea, snacks, and light meals through its mobile application. The company was founded by Zhi Ya Qian and Jin Yi Guo on June 16, 2017 and is headquartered in Xiamen, China.

Luckin Coffee fired its CEO after the Chinese homegrown rival to Starbucks was found to have fabricated sales.

Luckin Coffee fires CEO and COO after accounting scandal

Chinese Starbucks rival Luckin Coffee has fired both its CEO and COO amid an ongoing investigation into $310 million in sales fraud.
The post Luckin Coffee Tries To Clean House Amid New Evidence In Fraud Probe appeared first on Investor's Business Daily.

Luckin Coffee Tries To Clean House Amid New Evidence In Fraud Probe

Luckin Coffee, the once-high-flying Starbucks rival, has fired its chief executive and chief operating officer.
Luckin Coffee, the once-high-flying Starbucks rival whose fortunes turned recently in the wake of a major accounting scandal, has fired its chief executive and its chief operating officer.

Luckin Coffee CEO gets fired after fabricated-sales scandal

Chinese coffee chain Luckin Coffee Inc  fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the company said on Tuesday.

Luckin Coffee sacks CEO, COO for alleged fraud

Luckin Coffee is embroiled in one of the worst fraud scandals ever. Combined with the geopolitical environment, it’s unlikely that LK stock will make a comeback.

Geopolitics Will Probably Deny Luckin Coffee for Good

Luckin Coffee said Tuesday that it fired its CEO and COO as part of an internal investigation into sales fraud.

Luckin Coffee fires CEO, COO after sales fraud investigation

Luckin Coffee (NASDAQ: LK) board has terminated Jenny Zhiya Qian and Jian Liu from the positions of the CEO and the COO, respectively.

Luckin Coffee's CEO Is Out Due To Fabricated Transactions

Luckin Coffee Inc. LK, announced Tuesday that it has terminated Jenny Zhiya Qian, the company's chief executive, and Jian Liu, chief operating officer, effective May 11.

Luckin Coffee terminates CEO and COO amid financial misconduct investigation

Luckin Coffee Inc  has fired its chief executive and chief operating officers following an internal probe on fabrication of annual sales numbers, the Chinese coffee chain said https://bit.ly/3cD4jLC in a filing on Tuesday.

Luckin Coffee terminates CEO, COO amid accounting probe

BEIJING, May  12, 2020  (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (NASDAQ: LK), today announced changes to its Board of Directors (“Board”) and senior management, effective May 11, 2020.

Luckin Coffee Announces Changes to Board of Directors and Senior Management

Starbucks

Luckin Coffee is still caked with fraud and LK stock is still under a trading halt. Instead, let's go with Starbucks, a high-quality stock.

Luckin Coffee Stock Is Weak Compared to Starbucks

As LK stock stays under investigation, investors may once again realize that if quarterly metrics sound too good to be true, they should possibly conduct more due diligence
The post The Freeze on Luckin Stock Isn’t Just a Lesson, It’s an Opportunity appeared first on InvestorPlace.
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The Freeze on Luckin Stock Isn’t Just a Lesson, It’s an Opportunity

Let's assume for a second that LK stock continues to trade. Even in this scenario, Luckin Coffee faces tremendous difficulty, particularly as it tries to fend off competition.

It’s a Different Week But the Same Story for Luckin Coffee

Luckin Coffee will take a beating, but the possible resurrection in LK stock might surprise the critics. Here's what you should know about LK.

Don’t Write Luckin Coffee’s Obituary Yet

Luckin was once a promising prospect, but it’s hard to see LK stock coming out of this scandal smelling like anything but burnt coffee.
The post It’s Time to Turn Out the Lights on Luckin Coffee appeared first on InvestorPlace.

It’s Time to Turn Out the Lights on Luckin Coffee

Shares of the Nasdaq-listed chain and Starbucks’ biggest rival in China, have cratered since April 2, when its chief operating officer was accused of fabricating sales figures.

China’s Luckin Coffee Founder Is $1 Billion Poorer After Company Announces Fraud Investigation

The U.S. regulator wouldn't be the only regulatory body taking an interest in the scandal-plagued Chinese company.

Report: Luckin Coffee Under SEC Investigation Over Accounting Scandal; Annual Report Delayed

Luckin Coffee Inc.’s (NASDAQ:LK) biggest problem isn’t murky accounting, which crushed its shares earlier this month.

China’s Luckin Coffee Cannot Be the Next Starbucks

Luckin Coffee Inc  said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions of dollars worth of fabricated sales.

Luckin Coffee delays annual filing amid accounting probes

Chinese regulators are investigating Luckin, and the company had a board member resign. Is there any hope left for LK stock owners?

There’s a Lesson to Learn From Shorts as LK Stock Slides off the Rails

The U.S. Securities and Exchange Commission is investigating Luckin Coffee Inc  for fabricating millions of dollars worth of sales deals last year, the Wall Street Journal reported https://on.wsj.com/3eYO4Kx on Wednesday citing people familiar with the matter.

U.S. SEC investigates Luckin Coffee over accounting scandal: WSJ

Shares of the Chinese coffee chain have been halted for more than three weeks. No one's getting in.

While My Luckin Coffee Stock Gently Weeps

Luckin Coffee Inc. (NASDAQ: LK) has confirmed the company is under investigation by a Chinese regulator.

Luckin Coffee Raided By Chinese Market Regulators Following Fraud Scandal

In a period fraught with tensions with the U.S., China is trying to show it's being serious about tackling fraud.

China cracks down on fraud and tries to clean up image with Luckin probe

China's top market regulator has launched an inspection into Luckin Coffee , joining the country's securities watchdog in doing so as the coffee chain comes under scrutiny for fabricating millions of dollars worth of sales deals.

News for Luckin Coffee Stock (LK)