Luckin Coffee Backer Centurium Capital Wins Bid for Blue Bottle, Sources Say · TechNode

Luckin-Backer Centurium Capital to Buy Blue Bottle Coffee From Nestlé

Luckin-Backer Centurium Capital to Buy Blue Bottle Coffee From Nestlé - The private equity firm is snapping up the upscale U.S. coffee chain for less than $400 million, Caixin has learned

Luckin Coffee backer Centurium Capital wins bid for Blue Bottle, sources say · TechNode

Centurium Capital, the controlling shareholder of Luckin Coffee, has won the bid to acquire Blue Bottle Coffee and is expected to complete a deal with Nestlé, according to people familiar with the matter. The transaction has been signed but has not yet closed, one person close to the buyer said. Sources said Centurium Capital will acquire Blue Bottle’s global retail store business, while Nestlé will retain the company’s coffee machine and capsul…

China’s Luckin Coffee acquires Blue Bottle

The owner of China’s largest coffee chain, Luckin, acquired upscale US café operator Blue Bottle, as the Chinese company continues its aggressive westward expansion. Luckin recently opened its 30,000th store in China, eclipsing local competitors by offering a wide variety of cut-rate beverages. But its CEO recently stressed the need for the company to broaden its price range, Caixin wrote, signalling a close to years of bruising price wars; Luck…

Luckin Coffee Backer Centurium Is Said to Be in Advanced Talks for Blue Bottle

Centurium Capital Partners is in advanced talks to acquire Nestle SA’s Blue Bottle Coffee, according to people familiar with the situation.

Centurium Capital in talks to acquire Blue Bottle Coffee – report

Centurium Capital Partners is in advanced negotiations to acquire Blue Bottle Coffee, according to a report on Bloomberg.The post Centurium Capital in talks to acquire Blue Bottle Coffee – report appeared first on Verdict Food Service.