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Nestle buys majority stake in Blue Bottle Coffee

Reuters Thursday, 14 September 2017 ()
LONDON/LOS ANGELES (Reuters) - Nestle has bought a majority stake in Blue Bottle Coffee, stepping into the world of high-end specialty coffee bars.
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Source: Wochit Headline News - < > Embed

News video: Nestle buys Blue Bottle, hipster coffee company

Nestle buys Blue Bottle, hipster coffee company 00:40

According to Reuters, Nestle is may be moving away from processed food in attempts to re-brand itself as a healthier company. To make this come to life, reports say that Nestle bought 68% of Blue Bottle Coffee. Sources estimate that it cost about $425 million. Reuters says that Nestle's bold move is...

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