Nestlé buys stake in Blue Bottle 'hipster coffee' for $245M
- 7 years ago
Nestlé just bought a major stake in Blue Bottle Coffee for $245 million! The company is acquiring a 68 percent stake in the company. Blue Bottle has already opened stores in New York, Tokyo, and San Francisco. Customers compare drinking coffee at Blue Bottle to shopping at Apple. The brand plans on opening 25 more shops by the end of the year.