Food: Nestle secures Blue Bottle Coffee

Swiss food giant Nestle has acquired a controlling stake in the specialty roaster Blue Bottle Coffee Co., said Edward Helmore in The Guardian. The world’s biggest maker of packaged food paid $425 million for a 68 percent stake in the high-end coffee chain, which was founded 15 years ago in an Oakland garage and now has 41 locations in the U.S. and Japan. News of the sale “jolted the highly caffeinated devotees of the chain’s specialist, single-origin coffee,” many of whom have also lamented the recent sales of independent coffee chains La Colombe and Stumptown to bigger companies.