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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 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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