The San Francisco boutique, the fifth Nespresso shop in the U.S., will be followed by one in Los Angeles later this year, Vevey, Switzerland-based Nestle said on its website today.
Nespresso, which has more than 300 stores worldwide, has been one of the company’s fastest-growing businesses over the past decade and had revenue of 3.5 billion Swiss francs ($3.8 billion) in 2011, or about 4 percent of Nestle’s sales. The unit faces increased competition from companies including D.E Master Blenders 1753 NV that sell single-serve capsules that are compatible with its machines.
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