Saturday 20 April 2024
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scandal

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Luckin Coffee’s co-founder apologizes for the fraud and says he «can’t sleep at night»

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MILAN – Charles Zhengyao Lu, chairman and co-founder of Luckin Coffee Inc., apologized for the accounting scandal has embroiled the coffee chain in a...

Luckin Coffee stock loses more than a third of its value after trading resumes

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MILAN — Luckin Coffee stock lost more than a third of its value on Wednesday, as it resumed trading after more than a month's...

Luckin Coffee shares plunge over 75% after investigation finds COO fabricated sales

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MILAN – Luckin Coffee Inc. shares sank over 75% in Thursday trading after an internal investigation found that its chief operating officer fabricated 2019...

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