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CHINESE COFFEE CHAIN LUCKIN COFFEE FILES FOR BANKRUPTCY IN THE US

The Chinese coffee chain Luckin Coffee, which has been slowly recovering its business after the scandalous exclusion from the American stock exchange Nasdaq, filed 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 of millions of dollars of sales had been fabricated. The US Securities and Exchange Commission imposed a $ 180 million fine ...

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

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