Summary:

 

This article discusses China’s failing coffee chain and how copying a successful business, this time Starbucks, is not always a recipe for success. Over-expansion and ignoring profit in favor of growth is a recipe for disaster.

 

Full article: https://www.15mins.today/blog/599-viewing-china-through-the-coffee-cup

Vocabulary and Sample Sentences:

 

Acclaimed: to welcome / praise somebody/something

Is Roma an acclaimed movie?

Did Mozart garner much acclaim?

 

Rival: a competitor

Are Apple and Samsung rivals?

Does Youtube have a viable rival yet?

 

Collateral: something valuable used to secure a loan

Do banks require collateral to secure loans?

Can a reputation serve as collateral?

 

Burn through: use up

Did you burn through your allowance last weekend?

Is it easy to burn through your holiday budget?

 

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