- Associated Press - Thursday, September 14, 2017

NEW YORK (AP) - Nestle says it bought a majority stake in Blue Bottle Coffee, a high-end coffee company.

Big companies have been hot for premium coffee: Peet’s Coffee & Tea bought Stumptown two years ago, and also took a majority stake in Intelligentsia weeks later. And coffee chain Starbucks has been opening high-end Reserve stores.

Swiss-based Nestle, which already owns coffee brands Nescafe and Nespresso, says Oakland, California-based Blue Bottle will help it boost its coffee business in the United States. Blue Bottle has about 40 cafes in New York, San Francisco and other big cities.


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Nestle, which also makes Hot Pockets and Purina dog food, did not say how much it was paying for the stake.

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