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CHINESE COFFEE CHAIN LUCKIN COFFEE FILES FOR BANKRUPTCY IN THE US

... for bankruptcy protection in the United States. The company's management is currently trying to get permission for financial restructuring. The company, once cited as Starbucks' main Chinese rival, shocked Wall Street in 2019 by stating that hundreds ... ... including bondholders and shareholders owed $ 460 million. According to a statement made on Friday, the chain's coffee shops in China will remain open - the application will not affect their operations. “The company will continue to operate as usual and ...

Modified: 02.10.2021
Luckin Coffee , bankruptcy , restructuring , Nasdaq , USA , China , Starbucks
Path: РусБанкрот - СМИ
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