Brewing consolidation and drilling for growth: China’s coffee and dental sectors face new realities
The controlling stakeholder of Luckin Coffee has purchased the smaller, more upscale Blue Bottle Coffee brand for $400 million. Is a big expansion in the cards for Blue Bottle in China? And dental materials maker Huge Dental has filed to list in Hong Kong.
NEWS WRAP: Luckin controlling stakeholder buys Blue Bottle Coffee
Centurium Capital purchased the high-end U.S. coffee chain, which has about 100 stores worldwide, for less than $400 million from global food giant Nestle By Doug Young Centurium Capital…
BRIEF: Luckin considers Blue Bottle bid in globalization, upmarket push
Luckin Coffee Inc. (LKNCY.US) is considering a bid for Nestlé SA’s (NESN.SW) Blue Bottle Coffee specialty coffee chain, according to people familiar with the matter cited by Bloomberg. The move…
