Image: Robert /stock.adobe.comChinese coffee shop chain Luckin Coffee has published its unaudited fourth quarter and fiscal year 2024 financial results, with a total Q4 revenue of RMB9,613.3 million (US$1,317.2 million), representing a 36.1 per cent year-over-year increase. In a conference call on 20 February, the company announced fourth quarter GAAP operating margin expanded year-over-year to 10.4 per
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Image: chayathon2000/stock.adobe.comUnited States (US) specialty coffee retailer Reborn Coffee has signed commitments for 33 new locations through a combination of area development and franchise agreements reinforcing the company’s “aggressive” international and domestic growth strategy. In a statement, the company said the newly secured agreements underscore the strong demand for Reborn Coffee’s specialty coffee, tea, and bakery
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Image: LöfbergsSwedish coffee roaster Löfbergs has been awarded the Sustainability Innovation Award by Food Folk, McDonald’s licensee for the Nordics. The Sustainability Innovation Award recognises a supplier who has innovated to solve an environmental, social and governmental challenge and is said to highlight Löfbergs’ commitment to improving traceability within the supply chain. “The award not only
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