Blue Bottle Fever? China’s Luckin Coffee Weighs Offer for California Chain

Blue Bottle Fever? China’s Luckin Coffee Weighs Offer for California Chain

From coconut latte to single-origin pourover: Chinese coffee-and-tea giant Luckin is said to be in the early stages of considering a bid on Blue Bottle Coffee as it expands its presence beyond Beijing.  Luckin is known for creative and low-cost takes on coffee, while Blue Bottle has built a name for itself by selling straightforward, high-quality classics. Blue Bottle Coffee’s majority-owned by Nestle, which bought a 68% stake for $425 million i…

Luckin Coffee Is Said to Consider Bidding for Nestle’s Blue Bottle

China’s Luckin Coffee Inc. is considering making a bid for Nestle SA’s Blue Bottle Coffee to boost its brand profile and expand in the premium coffee segment, according to people familiar with the situation.

Luckin Reportedly Bids on Nestle's Blue Bottle Acquisition

Luckin Coffee, the Chinese coffeehouse chain, is reportedly exploring a bid to acquire Blue Bottle Coffee, a strategic move aimed at challenging Starbucks' dominance in the premium global market.The potential acquisition, first reported by Bloomberg, signals a significant shift in Luckin's strategy from rapid expansion based on price and convenience to a direct assault on the high-end coffee segment. By targeting the Nestlé-owned brand, the Chin…

Luckin Coffee considers bidding for Nestle’s Blue Bottle: sources

China’s biggest coffee chain and its backer Centurium Capital have also been evaluating other acquisition targets