China’s largest coffee chain previously explored expansion in the region in 2019, with new plans backed by Abu Dhabi sovereign wealth fund
Luckin Coffee is revisiting expansion to the Middle East, seven years after its original plans to enter the region were scuppered by its fabricated sales scandal.
China’s largest coffee chain currently operates more than 36,000 stores in its home market, alongside over 300 international stores across Malaysia, Singapore, Hong Kong and the US.
It is now eyeing opportunities in Gulf Cooperation Council markets, which comprise Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE, Luckin Chairman David Li and CEO Jinji Guo told CNBC.
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