Nestlé Paying $7.15B to Sell Starbucks Products Globally

Embattled Swiss-based food and drinks giant Nestlé S.A. (NSRGY) and Starbucks Corp. (SBUXSBUXStarbucks Corp57.61-0.12% ) have joined forces to create a global coffee alliance.Under the terms of the deal, Nestlé, the owner of the Nescafé and Nespresso coffee brands, will pay Starbucks $7.15 billion in upfront cash for the rights to market, sell and distribute its packaged products in supermarkets across the world. The Starbucks brand portfolio will also be represented on Nestlé’s single-serve capsule machines.

Source: Nestlé Paying $7.15B to Sell Starbucks Products Globally | Investopedia