Luckin Coffee is considering expansion into Persian Gulf markets, revisiting plans shelved in 2019. Senior management is actively assessing entry into the region.
In early September, Mubadala and Luckin’s controlling shareholder, Centurium Capital, made a joint $1 billion investment in the company, making Mubadala a direct investor. Luckin’s CEO cited stable coffee demand in the Gulf and growing interest in healthier, low-sugar beverages as attractions.