Luckin Coffee

China's Luckin Coffee, through its investment firm Centurium Capital, has agreed to purchase all global stores of the American specialty coffee brand Blue Bottle from Nestle for less than $400 million. The deal, reported on March 4 by Chinese media outlet Jiemian News, allows Nestle to retain ownership of Blue Bottle's consumer goods business. This acquisition highlights the growing influence of Chinese coffee chains in the global market.