"Nestlé disclosed the agreement in its April 23 three-month sales release, stating that the transaction is subject to customary conditions and is expected to close during the first half of 2026."
"The Swiss conglomerate acquired the Oakland-founded coffee chain in 2017 in a deal worth approximately $425 million, valuing the company at more than $700 million."
"Citing a Nestlé spokesperson, Food Dive reported that the transaction includes Blue Bottle's cafes and the majority of its consumer packaged goods business, while Nestlé will retain the rights to Blue Bottle-branded single-serve Nespresso pods."
"Luckin has since returned to fast growth, reporting $7.03 billion in 2025 revenue while adding 8,708 net new stores to finish the year with 31,048 locations globally."
Nestlé confirmed the sale of Blue Bottle Coffee to Centurium Capital, the majority shareholder of Luckin Coffee. The transaction is expected to close in the first half of 2026, pending customary conditions. Financial terms were not disclosed. Nestlé acquired Blue Bottle in 2017 for approximately $425 million. The deal includes Blue Bottle's cafes and most of its consumer packaged goods, while Nestlé retains rights to Blue Bottle-branded Nespresso pods. Centurium became Luckin's controlling shareholder in 2022 after Luckin's restructuring following a 2020 accounting scandal.
Read at Daily Coffee News by Roast Magazine
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