Nestle said to pay up to $500m to buy Blue Bottle Coffee

Ulf Mark Schneider, chief executive officer of Nestle SA, speaks during the company's annual shareholders meeting at the Nestle headquarters in Vevey, Switzerland, on Thursday, April 6, 2017. Photographer: Michele Limina/Bloomberg

Nestle SA agreed to acquire a majority stake in coffee brand Blue Bottle Coffee as the Nespresso owner seeks to bolster its U.S. presence amid increasing demand for upscale blends.

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