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Nestlé has agreed to sell its Blue Bottle Coffee business to private equity firm Centurium Capital, signalling the latest step in the food giant’s ongoing portfolio reshaping.

Late last year, Nestlé announced that it was reportedly exploring the sale of Blue Bottle Coffee, as part of a broader strategic review initiated by new CEO Philipp Navratil.

In March, it was reported that Centurium Capital Partners was in advanced talks to acquire Nestlé’s Blue Bottle Coffee.

The deal, announced as part of Nestlé’s first-quarter results, is expected to close in the first half of 2026, subject to customary conditions. Financial terms were not disclosed.

The divestment signals a shift in strategy for Nestlé, which has been actively reviewing its portfolio to focus on higher-growth and scalable categories. The company said it is also exploring options for other parts of its business, including engaging with potential partners for its Waters & Premium Beverages division and seeking buyers for its mainstream vitamins, minerals and supplements segment.

Blue Bottle Coffee, a premium speciality coffee roaster and retailer, was acquired by Nestlé in 2017 as part of a push into high-end coffee.

Coffee remains a key growth engine for the group. In the first quarter, the category delivered organic growth of 9.3%, driven by both pricing and improved volumes, with strong performance from brands such as Nescafé.

Overall, Nestlé reported organic sales growth of 3.5% for the three-month period, supported by positive momentum across most regions and categories despite macroeconomic uncertainty and the lingering impact of an infant formula recall earlier in the year.

Chief executive Philipp Navratil said the company’s performance reflects progress against its strategy, with a continued focus on “RIG-led growth” – increasing volumes alongside pricing – and targeted investment in key platforms such as coffee and food.