Nestle SA agreed to acquire a majority stake in coffee brand Blue Bottle Coffee as the Nespresso owner seeks to bolster its U.S. presence amid increasing demand for upscale blends. Nestle will pay up to $500 million for a 68 percent stake in the
Nestlé Targets High-End Coffee by Taking Majority Stake in Blue BottleNew York Times
Nestle scoops up Blue Bottle Coffee, buying a majority stakeLos Angeles Times
Blue Bottle Coffee to sell controlling stake to NestleSan Francisco Chronicle
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Source: Business