Luckin Coffee backer Centurium Capital has agreed to buy Blue Bottle Coffee from Nestle for under $400 million, a source told Nikkei Asia. (Source photos by AP and Reuters)
CISSY ZHOU and LORRETTA CHEN
TOKYO — Centurium Capital Management, the controlling shareholder of Chinese coffee chain Luckin Coffee, has agreed to acquire Blue Bottle Coffee from Nestle for around $400 million, a person familiar with the matter told Nikkei Asia.