Arabica

ごめんね、日本。It even started in Hong Kong. %ARABICA is privately owned by Japanese creative designer and founder Kenneth Shoji- however its largest market is in Mainland China. Lucky Ace International Limited holds the exclusive franchise rights for %ARABICA across Greater China, launching the brand's first Mainland China store in Shanghai Wukang Road in December 2017. In March 2022, PAG acquired a majority stake in Lucky Ace, with General Atlantic and Lighthouse Capital 光源资本 also confirmed as investors. They sought out a $300M funding round for 25% stake in its company leading to a $1.2B valuation. At the time of funding, %ARABICA had 61 stores in 2022 to 88 by 2025 and now with 97 stores across Greater China as of May 2026: 78 Mainland China, 16 Hong Kong, 2 Taiwan, 1 Macau. Its growth is more than 9x its Japanese market and its entire European front combined. But. In December 2025, Centurium Capital, the controlling shareholder of Luckin Coffee with 53.6% of voting rights, explored acquiring Costa Coffee and Lucky Ace International as its entry into the ultra-luxury coffee tier. It chose Blue Bottle Coffee instead, acquiring it from Nestlé for under $400M in March 2026. In 2026, PAG still holds a majority stake in this $1.2B Chinese coffee franchise with no confirmed exit. だから、まだ日本のものかもしれない。