Luckin Coffee
Following initial reports on March 4, new details have emerged on China-based Centurium Capital's agreement to buy Blue Bottle Coffee's global cafés from Nestlé for under US$400 million. The deal highlights Blue Bottle's $250 million revenue, ongoing losses with profitability eyed for 2026, and challenges scaling in China's cutthroat coffee market, where Centurium's Luckin Coffee dominates by volume.
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Nestlé has reportedly finalized the sale of Blue Bottle Coffee's global café operations to Centurium Capital—controlling shareholder of Luckin Coffee—for $400 million, per Bloomberg and Nikkei Asia, following initial Chinese media reports last week. Nestlé retains the brand's packaged goods; the move pairs Blue Bottle's premium expertise with Luckin's scale for expansion into high-end markets.