Nestlé Refocuses Coffee Portfolio As Blue Bottle Cafés Shift To Centurium [Yahoo! Finance]
NESTLE S.A S/ADR (NSRGY)
NASDAQ:AMEX Investor Relations:
nestle.com/investors
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Source: Yahoo! Finance
Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Nestlé is reported to be selling Blue Bottle Coffee's global store operations to Centurium Capital, the controlling shareholder of Luckin Coffee. Nestlé is expected to retain Blue Bottle's consumer packaged goods business, including branded products sold in retail and online channels. The transaction points to a clearer separation between retail outlets and branded consumer products within Nestlé's coffee portfolio. For investors watching SWX:NESN at around CHF80.05, this move sits against a mixed share performance record. The stock is up 4.7% year to date and 1.5% over the past month, but it has seen declines of 8.4% over 1 year and 17.7% over 3 years, and 8.1% over 5 years. The reported shift around Blue Bottle underlines how Nestlé is retooling parts of its coffee exposure while the broader group continues to trade through a period of uneven returns. Separat
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