China Coffee

Centurium Capital, the main backer of China's Luckin Coffee, has reportedly agreed to purchase Blue Bottle Coffee's global café operations from Nestlé for less than US$400 million, according to reports from Jiemian News and other Chinese media outlets starting March 4, 2026. Nestlé will retain Blue Bottle's consumer packaged goods business, including instant coffee and ready-to-drink products. Neither party has publicly confirmed the deal as of March 6.