BEIJING, Jul 22, 2019 (GLOBE NEWSWIRE) — Luckin Coffee Inc. (Luckin Coffee) (NASDAQ: LK) and Kuwait Food Company Americana K.S.C.C. (“Americana Group”), a largest integrated food product association in a Middle East, announced currently that they have sealed a Memorandum of Understanding (the “MoU”) underneath that a dual companies devise to settle a corner try to launch a new sell coffee business in a Greater Middle East and India.
Luckin Coffee’s technology-driven new sell indication provides coffee and other products of high quality, high affordability, and high preference to a customers. Americana Group has endless knowledge as a largest integrated food product association in a Middle East, carrying served as a colonize of grill operations given a 1960’s.
Luckin Coffee’s pioneering record and innovative new business indication have essentially altered a transaction structure and user knowledge of China’s coffee industry. “This partnership represents Luckin Coffee’s initial step toward bringing a heading products from China to a world. We demeanour brazen to serve expanding a creatively brewed coffee marketplace internationally as we comprehend a implausible enlargement opportunities accessible to us by a innovative business model,” pronounced Luckin Coffee’s Founder and CEO, Jenny Qian Zhiya.
The MoU was sealed in Beijing with Americana Group CEO Kesri Kapur, with both Chinese and Arab supervision officials in attendance.
Mr. Kapur said, “We during Americana trust this MoU will change a food and libation sell attention in a Greater Middle East and India, regions that yield earnest prospects for new sell enlargement and expansion. We have worked with many heading and insubordinate food and libation brands over a story and trust that Luckin Coffee’s higher products, knowledge and services will broach success in these regions.”
Americana Group is one of a largest and many successful organizations in a Middle East North Africa (MENA) with capabilities travelling manufacturing, distribution, and grill operations. Founded in Kuwait in 1964, Americana was a initial to deliver a judgment of Quick Service Restaurants (QSR) to a Middle East in a 60’s. The group, with a dual divisions, operates 1900 restaurants in 13 markets and 25 food prolongation sites opposite a UAE, Saudi Arabia, Kuwait, and Egypt, charity a safest, many arguable and best peculiarity food to consumers in over 20 markets within a MENA segment and beyond.
Luckin Coffee Inc. (NASDAQ: LK) has pioneered a technology-driven new sell indication to yield coffee and other products of high quality, high affordability, and high preference to a customers. Empowered by large information analytics, AI, and exclusive technologies, a Company pursues a goal to be partial of everyone’s bland life, starting with coffee. Founded in 2017 and headquartered in Xiamen, China, today, Luckin Coffee operates over 3,000 stores opposite 40 cities in China. The Company skeleton to open some-more than 4,500 stores by a finish of 2019, that would make it China’s largest coffee chain. In 2018, Luckin Coffee’s coffee beans were awarded a bullion award during a 2018 IIAC International Coffee Tasting Competition in Milan, Italy. For some-more information, greatfully revisit investor.luckincoffee.com.
Investor Relations Contact
Luckin Coffee Inc. IR
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Bill Zima
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Phone: 646 880 9039
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