The 100th outlet was officially launched on Monday at Bugis Junction, according to a press release by the chain.
“Three years on, that bold step has paid off. Today, Luckin is proud to stand as Singapore’s second-largest coffee chain by store count,” Luckin Coffee chairman David Li said in the release, adding that the chain’s growth has been fueled by deep localization.
“Looking ahead, we will continue deepening our presence in Singapore, elevating daily coffee experiences, and creating enduring value for our community,” he added.
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Several Luckin Coffee drinks. Photo from Facebook/Luckin Coffee Singapore |
Established in 2017 by a former technology executive, Luckin Coffee rapidly became a domestic challenger to U.S. coffee giant Starbucks in China, gaining popularity for its sleek, app-driven cafés.
It went public in 2019 before getting delisted the following year over an accounting scandal and filing for bankruptcy in 2021.
Following a sharp turnaround, it now has more than 36,000 outlets across China, over 150 stores in Malaysia and more than 20 outlets in New York.
Luckin made its debut in the Southeast Asian city-state that spans just 728 square kilometers in 2023 with two stores, which were also its first overseas outlets.
Since then, it has expanded its local workforce from 50 to more than 860 employees and attracted 1.9 million members to its mobile app, The Straits Times reported.
The chain’s two best-selling signature drinks in the market are the Coconut Latte and Little Butter Latte, priced at S$8 and S$8.5 (US$6.26 and US$6.65), respectively. Each has sold more than two million cups since launch.
Luckin’s expansion comes amid high churn in the city-state’s food and beverage sector, where official data shows 2,101 such businesses closed and 2,594 new ones opened in the first seven months of this year.