Nestle pays $7.15 billion to license Starbucks products

Nestle pays $7.15 billion to license Starbucks products


ZURICH:
Swiss food giant Nestle announced Monday it will pay $7.15 billion for the rights to market Starbucks products around the world, outside of the company’s coffee shops.

The agreement gives Nestle, which owns the Nescafe and Nespresso brands, a strong platform for continued growth in North America, the company said in a statement.

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