Chinese coffee titan set to buy Oakland-born Blue Bottle Coffee [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
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Source: Yahoo! Finance
A cup from Nestlé's Oakland-born specialty coffee company, Blue Bottle. (Eric Risberg / Associated Press) Blue Bottle Coffee, the Oakland-born specialty coffee roaster owned by Nestlé, could soon be acquired by a Chinese investment firm that controls one of China's biggest coffee chains. Centurium Capital, the majority shareholder of Luckin Coffee, is reportedly buying Blue Bottle for less than $400 million. The Chinese news outlet Yicai Global said the deal has been signed but not yet finalized. Earlier this week, Bloomberg reported that Centurium is in "advanced talks" to acquire Blue Bottle, according to people familiar with the situation. Blue Bottle offers customers specialty coffee options, including a sweet and creamy New Orleans-style coffee, as well as espresso drinks and cold brew. The company has several locations in Los Angeles in Culver City, Santa Monica and West Hollywood. Nestlé will retain Blue Bottle's consumer goods business, including instant coffee and
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