Luckin Coffee Signs a Memorandum of Understanding for a 10 Billion Yuan Procurement of Brazilian Coffee Beans, boosting China-Brazil coffee industry cooperation
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Luckin Coffee has signed a Memorandum of Understanding to procure 240,000 tons of Brazilian coffee beans, valued at 10 billion RMB, marking its largest procurement plan. This deal enhances China-Brazil coffee industry cooperation.
November 22, 2024 | 6:15 pm
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Luckin Coffee's MoU to procure 240,000 tons of Brazilian coffee beans marks its largest procurement plan, potentially boosting its supply chain and market position.
The MoU represents a significant expansion in Luckin Coffee's supply chain, potentially enhancing its market position and operational scale. This could positively impact its stock price.
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