Caffeine Clash: Starbucks Slayer Now Brews a Global Coffee Blend
Chairman David Li said the chain is examining Gulf countries after a $1 billion Mubadala-backed investment and a 28.5% quarterly revenue increase.
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6 Articles
Caffeine clash: Starbucks slayer now brews a global coffee blend
Luckin Coffee is looking to expand into Gulf countries with a focus on local tastes and preferences. The company's recent $1 billion investment from Mubadala signals strong institutional support for its growth strategy. After previously overcoming an accounting scandal, Luckin aims to replicate its successful model from China. The venture into the Gulf marks a strategic test of its adaptability in different markets.
Luckin Coffee considering Persian Gulf expansion - Global Coffee Report
Luckin Coffee is potentially looking to expand to the Middle East. Image: Timon/stock.adobe.comLuckin Coffee has secured backing from Abu Dhabi’s sovereign wealth fund Mubadala and is considering expanding into Persian Gulf markets, Chairman David Li has told CNBC. Mubadala and Centurium made a joint investment of US$1 billion into the rapidly growing coffee chain in September 2026, however the size of each stake has not been revealed. […]
President of Luckin Coffee told CNBC that the network is studying entering the markets of the Persian Gulf after contributing $1 billion from Mubadala
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