Luckin Coffee Files for Chapter 15 Bankruptcy in New York
Luckin Coffee Files Bankruptcy in U.S., Will Keep Shops Open Bloomberg 2/5/2021 © Bloomberg Luckin Coffee Outlets as China's Fastest-Growing Coffee Chain Plunges on Accounting Probe (Bloomberg) -- Embattled Chinese coffee chain Luckin Coffee Inc. filed for Chapter 15 bankruptcy in New York, less than a year after the company said that more than a quarter’s worth of business may have been faked. Popular Searches The move is designed to protect the company from lawsuits by U.S. creditors, including bondholders owed $460 million and shareholders. Luckin’s coffee shops in China will rema...
Source: msn.com