Luckin Coffee Still Expanding Full Steam Despite Sales Scandal
- Company opening 10 outlets a day even as shares suspended
- Luckin apologizes to employees for $310 million fraud
People wearing protective masks wait at a Luckin Coffee Inc. outlet in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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Luckin Coffee Inc. is opening stores at a breakneck pace in China and pledging internal company change as it tries to move beyond an escalating scandal involving $310 million in fraudulent sales.