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 capsule operations. Nestlé declined to comment, and Centurium Capital did not respond to requests for comment. [LatePost, in Chinese]
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