Heavy! Nestlé has been exposed to consider selling blue bottle coffee!
▲
click on the attention| Daily Boutique Coffee Culture Magazine Coffee Workshop
Recently, Reuters reported that global food and beverage giant Nestlé is working with Wall Street investment bank Morgan Stanley to conduct a strategic assessment of the future of its high-end coffee chain brand Blue Bottle Coffee, including potential sale options have become a core issue.
Reuters quoted "three people familiar with the matter" as saying Nestlé is working with JPMorgan Chase to evaluate various options for its Blue Bottle coffee chain, including a possible sale. Both Nestlé and Morgan Stanley declined to comment on this.
According to a consumer analysis, Nestlé may adopt a more flexible strategy when handling the Blue Bottle coffee business, which is to choose to sell its physical store network but retain the brand's intellectual property rights. This means that consumers may still be able to buy blue bottle coffee products on the shelves in the future, but its iconic offline experience space will change ownership.
It is reported that in order to quickly enter the boutique coffee market and attract young consumers, Nestlé acquired a 68% stake in Blue Bottle Coffee for US$700 million in 2017. After Nestlé completes the acquisition, Blue Bottle Coffee will remain operationally independent, and current management and employees will retain a minority stake.
It is worth noting that before being acquired by Nestlé, Blue Bottle Coffee, a boutique coffee brand founded by clarinetist James Freeman in 2002, only opened stores in the United States and Japan, with 29 stores in 2016.
After Nestlé's acquisition, Blue Bottle Coffee began to expand its store size. Since its development, Blue Bottle Coffee has stores in the United States, Japan, South Korea, China (Mainland and Hong Kong), and Singapore. According to Nestlé officials, it has more than 100 stores worldwide. In addition, after being acquired by Nestlé, Blue Bottle Coffee worked with Nestlé's coffee brands to develop limited edition capsule coffee, cold coffee, etc., and used Nestlé's outlets to sell products.
However, times have changed, and consumers have pointed out that the final transaction price of any potential sale is expected to be significantly lower than the acquisition valuation of the year, that is, Nestlé may sell Blue Bottle coffee at a price lower than the previous valuation of US$700 million.
Reuters pointed out that considering selling Blue Bottle Coffee is part of a broader strategic review led by Nestlé's new CEO, aiming to streamline the company's complex asset portfolio and gradually exit the physical retail sector that requires refined operations. This move also reflects the current trend of broader strategic adjustments in the consumer goods industry.
Coincidentally, another consumer giant, Coca-Cola, is also considering selling its coffee chain brand Costa Coffee. Relevant reports say that Coca-Cola may still retain its ready-to-drink coffee business with potential space, mainly considering selling the Costa coffee store business. This indicates that large groups may be facing common challenges and reflections in operating physical coffee chain businesses.
In addition, Blue Bottle Coffee currently has 15 stores in mainland China, and the latest city to enter is Hangzhou. Whether its domestic store business will be affected by the news of the sale, a media reporter asked the relevant person in charge of Nestlé China and Blue Bottle Coffee about the situation, but did not receive a reply from the other party.
Picture from: Internet
Disclaimer: Some pictures in this article come from the Internet, and some content on the website, such as pictures, will respect the copyright of the original work and indicate the source. However, due to the huge quantity, there will be some pictures and texts that have not been marked in time. Please forgive me. If the original author has any disputes, he can contact the website to handle them. Once verified, we will correct them immediately. The "Coffee Factory" will organize and edit them. Please indicate if the copyright is infringed, please inform us to delete them. Thank you ~!
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
Compensation of 270 million yuan! Starbucks has been charged with violating labor laws more than 500,000 times!
▲ Click to pay attention| Daily Boutique Coffee Culture Magazine Coffee Factory Recently, CBS New York, BBC and other media reported that the New York City Department of Consumer and Labor Protection (DCWP) has launched an investigation into Starbucks since 2022 and found that Starbucks has violated the Fair Work Week Act (F
- Next
Law Enforcement Bureau? Mixue Ice City enters Zhengzhou BRT platform!
▲ Click to pay attention| Daily Boutique Coffee Culture Magazine Coffee Factory Recently, Dahe Daily and other media reported that a new Mixue Ice City store will be opened at the "busiest" BRT station in Zhengzhou City, Henan Province. It is understood that this store is a BRT platform store jointly built by Zhengzhou Public Transport and Mixue Ice City
Related
- What grade does Jamaica Blue Mountain No. 1 coffee belong to and how to drink it better? What is the highest grade of Blue Mountain coffee for coffee aristocrats?
- What are the flavor characteristics of the world-famous coffee Blue Mountain No. 1 Golden Mantelin? What are the characteristics of deep-roasted bitter coffee?
- Can I make coffee a second time in an Italian hand-brewed mocha pot? Why can't coffee be brewed several times like tea leaves?
- Hand-brewed coffee flows with a knife and a tornado. How to brew it? What is the proportion of grinding water and water temperature divided into?
- What is the difference between Indonesian Sumatra Mantinin coffee and gold Mantinin? How to distinguish between real and fake golden Mantelin coffee?
- What does bypass mean in coffee? Why can hand-brewed coffee and water make it better?
- Unexpected! Ruixing Telunsu lattes use a smoothie machine to foam milk?!
- % Arabia's first store in Henan opens into the village?! Netizen: Thought it was P's
- Does an authentic standard mocha coffee recipe use chocolate sauce or powder? Mocha Latte/Dirty Coffee/Salty Mocha Coffee Recipe Share!
- What is the difference between Vietnam egg coffee and Norway egg coffee? Hand-brewed single product coffee filter paper filter cloth filter flat solution!