Nestlé: buys Californian high-end coffee roaster.
(CercleFinance.com) - Nestlé has acquired a majority stake in Blue Bottle Coffee, a high-end speciality coffee roaster and retailer based in Oakland, California.
The Swiss giant says Blue Bottle Coffee has achieved an "iconic" status over the last 15 years, now operating close to 30 coffee shops in major cities in the US and Japan.
It is expected to have opened 55 coffee shops by the end of 2017.
The brand, which has a "minimalist style" approach, also launched super premium ready-to-drink and roast and ground products, sold online and in the retail market.
Blue Bottle Coffee will continue to operate as a stand-alone entity, Nestlé said.
The terms of the deal were not disclosed.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The Swiss giant says Blue Bottle Coffee has achieved an "iconic" status over the last 15 years, now operating close to 30 coffee shops in major cities in the US and Japan.
It is expected to have opened 55 coffee shops by the end of 2017.
The brand, which has a "minimalist style" approach, also launched super premium ready-to-drink and roast and ground products, sold online and in the retail market.
Blue Bottle Coffee will continue to operate as a stand-alone entity, Nestlé said.
The terms of the deal were not disclosed.
Copyright (c) 2017 CercleFinance.com. All rights reserved.