Centurium Capital in talks to acquire Blue Bottle Coffee – report [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
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Source: Yahoo! Finance
Founded in California, US, in 2002, Blue Bottle currently operates cafés in China, Hong Kong, Japan, Singapore, South Korea, and the US. The company is supported by Nestlé, which acquired 68% of Blue Bottle Coffee in 2017 for $425m. The latest negotiations are reportedly in the final stages, although a definitive agreement has not yet been assured. The move comes as Centurium and Luckin have been weighing targets including Blue Bottle, Costa Coffee and China's % Arabica operator, according to people familiar with the talks. Meanwhile, several Chinese news outlets, including Jiemian News , have reported that Centurium Capital will acquire Luckin Coffee for a price less than $400m. Seoul Economic Daily reported that Jiemian News described the deal as "symbolically significant in the coffee market," adding that "one side is a global brand in the speciality coffee sector, while the other is a Chinese brand that has distinguished itself through a robust supply chain system and s
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