Tag Archives: Food and drink

Luckin Coffee fires President Lu, appoints Guo as CEO

Charles Lu Zhengyao VCG | fake pictures Luckin Coffee has expelled co-founder and president Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive, the conflicting coffee chain revealed Monday. Guo was previously the interim CEO of the company. The move to replace Lu …

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PepsiCo Earnings (PEP) 2Q 2020

Pepsi soft drinks are displayed at a convenience store in San Francisco, California. Justin Sullivan | fake pictures PepsiCo reported Monday that its quarterly revenue fell as fewer consumers bought their drinks at restaurants or convenience stores as a result of the coronavirus pandemic. The company reported growth in its …

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Opening and closing can be the death sentence for restaurants

Junior’s Cheesecake owner Alan Rosen told CNBC on Monday that restaurants would be in serious financial trouble if they had to reopen and then close again due to the coronavirus pandemic. “This opening and closing could be the death sentence for restaurants in this country,” Rosen said in “Power Lunch.” …

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