It's turned upside down? Nestl é buys 68% controlling stake in Blue bottle Coffee for $500 million

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Nestle will spend $500 million to acquire a 68% stake in Blue Bottle Coffee, a well-known US coffee chain, the Financial Times reported Monday morning. The deal values Blue Bottle Coffee at more than $700 million.

Blue bottle coffee, founded in oakland, california, in 2002, now has more than 50 outlets and has won over coffee addicts over the past 15 years with funding from morgan stanley, fidelity, True Ventures and U2 frontmen bono, jared leto and tony hawk.

Blue Bottle Coffee said in a joint statement with Nestle that it plans to open 55 new stores by the end of this year. The company currently has stores in the Bay Area, Los Angeles, New York City, Washington, D.C., and Tokyo, Japan.

Starbucks (54.53, 0.24, 0.44%) management has said independent trendy coffee shops are the biggest threat to its business. With Blue Bottle being acquired by deep-pocketed Nestle, the coffee chain is poised to become a major threat to Starbucks.

FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。

Important Notice :

前街咖啡 FrontStreet Coffee has moved to new addredd:

FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou

Tel:020 38364473