"Centurium Capital, the majority shareholder of Luckin Coffee, is reportedly buying Blue Bottle for less than $400 million. The Chinese news outlet Yicai Global said the deal has been signed but not yet finalized. Earlier this week, Bloomberg reported that Centurium is in 'advanced talks' to acquire Blue Bottle, according to people familiar with the situation."
"Nestlé will retain Blue Bottle's consumer goods business, including instant coffee and ready-to-drink beverages, while Centurium will acquire Blue Bottle's global stores, according to reports. Founded in the Bay Area in 2002, Blue Bottle has more than 70 U.S. locations as well as outlets in China, Hong Kong, Japan, Singapore and South Korea."
"According to an exclusive report from one Chinese outlet, Blue Bottle is still operating at a loss. The company's revenue for the year ended June 30, 2025, was $250 million, with about $150 million coming from U.S. stores, the outlet said. Nestlé bought a majority stake in Blue Bottle in 2017, paying $425 million for 68% of the shares."
Centurium Capital, majority shareholder of Luckin Coffee, is purchasing Blue Bottle Coffee from Nestlé for under $400 million. The deal has been signed but not yet finalized. Blue Bottle, founded in Oakland in 2002, operates over 70 U.S. locations and international outlets across Asia. The company specializes in third-wave coffee with single-origin beans and various specialty drinks. Under the acquisition, Centurium acquires Blue Bottle's global retail stores while Nestlé retains the consumer goods division including instant coffee and ready-to-drink beverages. Blue Bottle generated $250 million in revenue for the year ended June 30, 2025, though the company operates at a loss. Nestlé originally purchased a majority stake in 2017 for $425 million.
#coffee-industry-acquisition #chinese-investment #blue-bottle-coffee #specialty-coffee-market #nestle-divestment
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