Hot Paths

Luckin Coffee weighs Middle East expansion following $1B Mubadala-backed deal (LKNCY:OTCMKTS)

Luckin Coffee storefront showing the brand signage hanging above the main entrance.

uskarp/iStock Editorial via Getty Images

Luckin Coffee (LKNCY) is weighing an expansion into Persian Gulf markets after securing backing from Abu Dhabi sovereign wealth fund, Mubadala. Luckin’s senior management is considering expanding into the Gulf countries, Chairman David Li told CNBC in an interview on Monday.

Li

Exit mobile version