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Why people are crazy about Blue Bottle, the coffee chain that Nestle just acquired for up to $500 million

Business Insider Tony HawkTony HawkJared LetoJared Leto
Thursday, 14 September 2017 ()

Why people are crazy about Blue Bottle, the coffee chain that Nestle just acquired for up to $500 millionNestle announced Thursday that it had acquired a majority stake in high-end coffee retailer Blue Bottle Coffee, long a favorite of the tech community. 

According to the Financial Times, Nestle will be paying up to $500 million for a 68% stake in the chain, which plans to have 55 locations by the end of the year. There are...
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Source: Wochit Business - < > Embed

News video: Nestle Makes Move Into World of Specialty Coffee Bars

Nestle Makes Move Into World of Specialty Coffee Bars 00:36

On Thursday, Nestle announced that it has bought a majority stake in California-based Blue Bottle Coffee, who has raised nearly $121 million in funding from high-profile investors. Nestle, the world’s biggest coffee company, added that Blue Bottle will continue to operate as a standalone entity....

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