Nes­tle ac­quires high-end cof­fee brand Blue Bot­tle

Daily Sabah (Turkey) - - Business -

NES­TLE says it bought a ma­jor­ity stake in Blue Bot­tle Cof­fee, a high­end cof­fee com­pany. Big com­pa­nies have been hot for pre­mium cof­fee: Peet’s Cof­fee & Tea bought Stump­town two years ago, and also took a ma­jor­ity stake in In­tel­li­gentsia weeks later. And cof­fee chain Star­bucks has been open­ing high-end Re­serve stores. Swiss-based Nes­tle, which al­ready owns cof­fee brands Nescafe and Ne­spresso, says Oak­land, Cal­i­for­ni­abased Blue Bot­tle will help it boost its cof­fee business in the United States. Blue Bot­tle has about 40 cafes in New York, San Fran­cisco and other big cities. Nes­tle, which also makes Hot Pock­ets and Pu­rina dog food, did not say how much it was pay­ing for the stake.

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