Starbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t sustainable

13:21 29.04.2019
A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO. Kevin Johnson, who leads the American coffee giant, told CNBC that competitors in China including Luckin have adopted a strategy of building market share using […]...
  207