China’s newest coffee chain is no longer “Luckin” for funding

China’s entrepreneurs have made a habit of taking on the established players and now it would appear that a Chinese entrepreneur is ready to take on Starbucks in the Chinese coffee space.

Krispy Kreme owner, JAB, to acquire Pret A Manger

Personally, I find a strange irony in the recent announcement that JAB Holdings, the owner of Krispy Kreme Doughnuts, is buying Pret A Manger from its private equity owners, Bridgepoint, for just under $2bn.