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COFFEE WORLD

Pret a Manger to close 30 shops, cut 1,000 jobs in Uk due to significant operating losses

MILAN – British coffee and sandwich chain Pret a Manger said on Monday it will permanently close 30 UK branches and could cut at least 1,000 jobs after suffering “significant operating losses” as a result of th...

COFFEE WORLD

Luckin Coffee chairman Charles Zhengyao Lu was sacked by shareholders in an EGM

MILAN – Luckin Coffee chairman and founder Charles Zhengyao Lu was ousted in an EGM held Sunday in Beijing. Three other board directors including Sean Shao were also removed at the Extraordinary General Meeting...