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Luckin Coffee Eyes Middle East, India Expansion

From: pymnts.com

In its first international foray, Luckin Coffee reportedly plans to open coffee shops in India and the Middle East. The Chinese coffee company signed a memorandum of understanding to forge a joint venture with the Americana Group of Kuwait, Reuters reported.

Luckin Coffee Founder and CEO Jenny Qian Zhiya said in a statement, according to reports, “This collaboration represents Luckin Coffee’s first step toward bringing its leading products from China to the world.” Zhiya added that India, as well as the Greater Middle East, offers promising expansion prospects. The Americana Group currently operates 29 food production sites as well as 1,800 restaurants in the Middle East.

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