Nestlé Buys Majority Stake in Blue Bottle

[Guest Nicole]

Today, Nestlé announced that it has bought a 68 percent stake in third-wave café and roaster Blue Bottle. The purchase, reported by the Financial Times to be $500 million, values the company in excess of $700 million. Blue Bottle has followed fellow gourmet-coffee makers Stumptown and Intelligentsia, which are owned by JAB Holding Company, and La Colombe, in which ChobaniÂ’s founder is a major investor, respectively.

It’s a surprising development for the independent company. Founder James Freeman has stressed slow growth, and cares so much about quality that he stopped selling Blue Bottle coffee beans wholesale to other businesses. Nestlé, on the other hand, is an international food conglomerate and this country’s top seller of instant coffee.

Read more: http://www.grubstreet.com/2017/09/nestle-buys-stake-in-blue-bottle.html

[The Librarian]

Nestle must have a few coffee purists on their board 

Wanna bet they don't drink Nescafe?

[Guest Nicole]

I always thought that Nescafé was part of Nestle 

[The Librarian]

Nescafé is a brand of coffee made by Nestlé. It comes in many different forms. The name is a portmanteau of the words "Nestlé" and "café". Nestlé first introduced their flagship coffee brand in Switzerland on 1 April 1938.

[Guest Nicole]

Thanks for the dato, see what I'm enjoying now while working, but the coffee inside is another brand 

 

 

[Queen Esther]

Looks  inside  a  little  like  lemon - tea ?     YES ?   Enjoy !  @Nicole

Nestle'  is  a  brand  coming  from  Switzerland,  thats  right !

I  made  more  than  20 years  holiday  there

[Guest Nicole]

no, coffee with free-lactose skimmed milk