Tag Archives: Retail industry

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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