Core Viewpoint - Luckin Coffee is considering acquiring Blue Bottle Coffee, which is owned by Nestlé, and is also evaluating other potential acquisition targets, including the China operations of % Arabica, backed by private equity firm PAG [1] Group 1: Acquisition Considerations - Luckin Coffee is in discussions regarding the acquisition of Blue Bottle Coffee [1] - The company, along with its investor Dazhong Capital, is assessing additional acquisition opportunities [1] Group 2: Background on Blue Bottle Coffee - Nestlé acquired approximately 68% of Blue Bottle Coffee for about $500 million in 2017 [1] - Blue Bottle Coffee entered the mainland China market in 2022, currently operating a total of 15 stores in Shanghai, Shenzhen, and Hangzhou [1] - There are plans for Blue Bottle Coffee to open a store in Beijing by 2026 [1]
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