Nestlé S.A. sells Blue Bottle Coffee to Centurium Capital
Nestlé S.A. has agreed to sell Blue Bottle Coffee to Centurium Capital, a Chinese private-equity firm linked to Luckin Coffee. The move is part of Nestlé's strategy to simplify its coffee portfolio. The transaction is expected to streamline its operations and focus on core businesses.
Topics: Company Strategy Mergers and Acquisitions Private Equity