Bay Area-founded coffee chain close to $400M acquisition by China’s Luckin Coffee backers: reports

Bay Area-founded coffee chain close to $400M acquisition by China’s Luckin Coffee backers: reports

(KRON) -- Blue Bottle Coffee started with humble beginnings as a small Oakland business in 2002. Nearly 25 years later, it has grown into a worldwide coffee empire. Blue Bottle's current parent company, Nestlé, is nearing a deal to sell its majority stake to the parent company of the Chinese chain Luckin Coffee (Centurium Capital Management Ltd.), according to multiple reports by Bloomberg and Caixin Global. Caixin reports that the majority stak…

Centurium Capital Said to Be in Final Talks to Buy Blue Bottle

Nearly three months after news broke that Nestlé was considering selling Blue Bottle Coffee, the chain may be acquired by Luckin’s major shareholder. The post Centurium Capital Said to Be in Final Talks to Buy Blue Bottle appeared first on Fresh Cup.