Luckin Coffee unmanned retail strategy includes the Luckin Coffee Express and Luckin popMINI vending machines. The Luckin Coffee Express, which uses the Swiss-made Schaerer coffeemaker, is designed for workplace and public venues. Luckin popMINI is a smart vending machine that can sell products at “e-commerce prices.”
[Photo: Luckin Coffee]
China’s Luckin Coffee Inc., a coffeehouse chain and provider of self-service coffee equipment, said it has entered into a restructuring support agreement with holders of a majority of its $460 million convertible senior notes due 2025.
The coffee retail giant filed for Chapter 15 bankruptcy protection in New York in February amid an accounting scandal.
According to a press release, noteholders are expected to receive approximately 91-96% of the par value of the existing notes.
“We have a new leadership team and a viable plan to return Luckin Coffee to growth and value creation,” said Dr. Jinyi Guo, chairman and chief executive of…
