Coffee News Recap, 27 Jun: WoC Geneva hosts four World Coffee Championships, Starbucks denies complete sale of China division & other stories
Perfect Daily Grind
JUNE 27, 2025
Homegrown rivals like Luckin and Cotti are outperforming the coffee giant, offering consumers similar quality drinks at a fraction of the price. In a bid to compete, Starbucks announced its first-ever price drop in China in mid-June, lowering the price of selected drinks by an average of 5 yuan – although it denied a price-war strategy.
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