NBS students project papers show that Lurkin and Mixue business models will bankrupt Ah-Kun coffee shops and closure are imminent

[Boonsiong]

NBS students project papers analyse that Lurkin Coffee $2.99 and cheap drinks at Mixue will bankrupt Ah-Kun coffee shops.

This is mainly due to the solid evidence that Ah-Kun, Lurkin and Mixue prices are very similar and youngsters in Singapore perceive Ah-Kun are of inferior quality.

Project papers also show that Starbucks market shares are also under attack by Lurkin.

However Starbucks situation is not as serious as Ah-Kun simply because both Ah-Kun and Lurkin do not provide sufficient space for their customers.

In the mid term to longer term, both Lurkin and Mixue will be the winner while ah-kun closures are imminent even though Ah-Kun is quite popular among foreign tourists in Singapore.

However, foreign tourists in Singapore do not provide sufficient base to sustain Ah-Kun numerous coffee shops and branches

 

[Boonsiong]

Ah Kun must evolve and change . Otherwise, they will see their market shares being eroded by Lurkin and Mixue.

This may happen sooner than later especially when banking industry limit overdraft and credit facilities to Ah-Kun

 

[Pinkieslut]

Wonderful news!

 

[laksaboy]

And there are many, many other Tiong copycat shops trying to steal business from Luckin and Mixue etc.

Welcome to the infamous Tiong way of doing business: 卷

Just in Clementi town:

 

[Boonsiong]

Inconsistent, diluted and watery ice coffee at ah Kun is more expensive than freshly brew luckin coffee and ice drinks at Mixue

 

[eatshitndie]

race to the bottom. yakun and toastbox deserve their cumuppance.