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Monday 23 December 2024
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sales fraud

Nasdaq moves to delist Luckin Coffee, the company plans to request hearing

Desk3 -
MILAN — Luckin Coffee Inc. announced yesterday that on May 15, 2020, it received a written notice from the Listing Qualifications Staff of The...

Luckin Coffee fires both CEO and COO amid new evidence in fraud probe

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BEIJING, China – Luckin Coffee has fired fired both its CEO and COO amid an ongoing investigation into fabricated transactions. Jenny Zhiya Qian was...

Luckin Coffee gets a boost from its fans in China despite alleged sales fraud

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MILAN - Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the Chinese coffee chain to...
Companies

Luckin Coffee apologizes for sales fraud, says stores remain open as usual

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MILAN – Luckin Coffee apologized Sunday regarding the fallout from its sales fraud on Monday, and its senior executives involved in the incident have...

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