Luckin coffee had its own near death experience, it's stock price falling to barely $2 a few years ago, it's board accused of dishonesty & the company nearly delisted. These days it's a US $8b company, up almost 20x & has massive market share in China.
Gloria was a favourite among millions of international students who studied in Australia over the past two decades. One fellow who loved his GJ so much he ended up buying the Pakistan master franchise & now owns 10? Stores there. In an impoverished country, it's a huge hit.
i again say to detractors: show me an international coffee brand worth less than a few billion dollars. Go on, I dare you.
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