Overview
- Bloomberg reports Centurium Capital Partners is in advanced talks to acquire Blue Bottle Coffee, citing people familiar with the matter.
- Several outlets say the price is below $400 million, a figure that compares with Nestlé’s roughly $425 million purchase of a 68% stake in 2017.
- Nestlé declined to comment on the reported talks and Centurium did not respond to requests for comment.
- The Los Angeles Times, citing other reports, says the buyer would take the cafe business while Nestlé retains packaged products, though final terms remain unclear.
- Centurium, known for helping turn around Luckin Coffee, is seen by analysts as pursuing Blue Bottle’s U.S. and Asia retail footprint, which spans the U.S., China, Hong Kong, Japan, Singapore and South Korea.