International

Starbucks China banks on tech investments with Sequoia partnership

The coffee giant will look to form “commercial partnerships with next-generation food and retail technology companies”.

“Nothing will return to normal”: what Australian chains are saying about the post-pandemic industry

Delivery, social distancing and higher hygiene standards are expected to persist.

Luckin Coffee's value plunges after admitting to potential US$300m fraud

Billions were wiped off from its market capitalisation.

Starbucks expects Q2 sales in China to drop by 50% due to COVID-19 disruption

But it assured investors that it is seeing “signs of recovery”.

SSP Group forecasts February revenue hit of up to £12m due to COVID-19

The group observed sharp declines in air passenger numbers in Asia Pacific.