China’s Luckin Coffee considering Blue Bottle Coffee bid, sources say

Luckin and its majority stakeholder, Centurium Capital, which was previously named as a potential bidder for Costa Coffee, are also reportedly evaluating a bid for % Arabica’s master franchise business in China in an effort to expand into the specialty coffee market

Chinese coffee giant Luckin Coffee is reportedly considering a bid for Nestle’s Blue Bottle Coffee business in a bid to boost its brand profile and expand into the specialty coffee segment.