Luckin Coffee, the China-based equivalent of Starbucks in the United States roiled by allegations of fabricating millions in 2019 sales, has fired its chief executive officer and reshuffled top leadership in response to the scandal.
The company announced Tuesday it fired Co-Founder and CEO Jenny Zhiya Qian and Chief Operating Officer Jian Liu after more evidence has come to light regarding the fabricated transactions. Liu had previously been suspended. Six other employees “who were involved in or had the knowledge of the fabricated transactions” have been suspended or placed on leave, the company said.
