Whitbread acquires remaining stake of its Costa Coffee venture

CHINA - Whitbread has acquired the remaining 49% stake of its Costa Coffee venture in southern China for £35milion. The British hotels to restaurants group, which already owns 51 per cent of its southern China joint venture, is buying the rest of the business from Chinese partner Yueda. Its other China joint venture – which…

Nestlé takes majority stake in high-end coffee marker Blue Bottle

USA - Nestlé has announced its acquisition of a majority stake in the California-based Blue Bottle Coffee, a high-end specialty coffee roaster and retailer to increase its presence in the high-end market. Nestlé, the world’s largest food and drinks company, will be paying US$500million for a 68% stake in Blue Bottle Coffee, which operates in…