Footfall drops as economy weakens but chain still hopes to reach 1,000-store goal
Corporate lay-offs are the first for coffee shop chain since 2018
New CEO’s turnaround plan includes a potential doubling of its US footprint and effort to revive nostalgia for its heyday
Advances made by AI start-up send stocks tumbling
Coffee chain launches plan to get more paying customers back in stores as it reports fewer transactions
Ally of pioneering former leader Howard Schultz announces resignation in a letter on Thursday
Workers launch 5-day protest in Chicago, Los Angeles and Seattle as union and coffee chain remain far apart on pay
Decision comes as chief executive Brian Niccol seeks to turn around sprawling coffee chain
Azoria Partners launches new fund at Donald Trump’s Florida resort
Coffee giant would benefit from a helping hand from a local partner
Buyer of 3 per cent of world’s coffee holds less than $200mn in fixed-price contracts, down from $1bn in 2019
New chief Brian Niccol pledges to simplify ‘overly complex’ menu and return to its coffee house roots
Luckin Coffee’s expansion into rival’s home market comes five years after company was delisted from Nasdaq and fined
New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth
Technical demands are prompting big companies to take design back in-house while others are pursuing environmental aims
Brian Niccol signals shifts from predecessor’s strategy in first details of turnaround plan
There is a case for the US coffee group to cut back capital spending and slow expansion plans in the country
Brian Niccol’s base in California divides opinion among workplace experts
Plus, hedge funds are split on Nvidia’s future and the Indian telecoms tycoon who just bought a big stake in BT
Months of secret talks between directors and investors preceded Laxman Narasimhan’s abrupt exit
Brian Niccol’s move from Chipotle makes him one of the best paid bosses in the US
And the S&P 500 as one giant carry trade
Plus, private credit giant HPS gets a huge capital injection and Cargill feels the commodities hangover
Brian Niccol’s challenge at the coffee chain has similarities to the turnaround task in his last role
Shares in coffee chain jump after Laxman Narasimhan is replaced by Brian Niccol
