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[expand boutique coffee market] the major shareholder of Nestl é Blue bottle Coffee buys 500 million US dollars of shares

Published: 2024-09-19 Author: World Gafei
Last Updated: 2024/09/19, Professional baristas follow Coffee Workshop (Wechat official account cafe_style), known as the Blue Bottle of Apple in the coffee industry, has become a major shareholder in the coffee industry with a $500m stake bought by Swiss food giant Nestle. The acquisition of the fast-growing Blue bottle Coffee with a market capitalization of more than $700m is a step in Nestl é's strategic shift to retail. This move is also

For professional baristas, please follow the coffee workshop (Wechat official account cafe_style)

Blue bottle Coffee (Blue Bottle), known as "Apple in the coffee world", has become a major shareholder after being bought by Swiss food giant Nestle for a $500m stake.

The acquisition of the fast-growing Blue bottle Coffee with a market capitalization of more than $700m is a step in Nestl é's strategic shift to retail. The move also puts Nestl é directly with the other two major coffee brands in the United States, namely

Starbucks competes with Keurig Green Mountain (Keurig Green Mountain).

Nestl é reportedly bought a 68% stake in Blue bottle Coffee for as much as $500 million. Patrice Bula, Nestl é's marketing director, said Nestl é's move was "investing in a team and expertise that we didn't have".

Blue bottle Coffee was founded in 2002 and gradually expanded from a small bean baking shop to a very popular boutique coffee shop brand. By the end of this year, Blue bottle will have more than 50 coffee shops in California, New York, Washington, Miami and Tokyo.

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