Weekly News

Starbucks Sells to Nestlé the Rights to Offer Its Coffee in Stores for $7 Billion

May 07,2018 17:24

Starbucks Corp. is selling the rights to sell its coffee and tea in grocery and retail stores to Nestlé SA for more than $7 billion, as the chain refocuses on its coffee shops. Sales have been slowing at Starbucks coffee shops in the U.S. amid ...


Starbucks Corp. is doubling down on coffee shops as competition among restaurants and cafes heats up.
Seattle-based Starbucks said Monday that it will sell the rights to offer its coffee and tea in grocery and retail stores to Nestlé SA for more than $7 billion.
Sales have been slowing at Starbucks coffee shops in the U.S. amid declining...

coffee marketing,global coffee markets,nestle,seattle’s best coffee,starbucks,starbucks reserve,teavana,Starbucks,SBUX,Nestle,NESN.EB,Kraft Foods,KRFT,PepsiCo,PEP,Anheuser-Busch InBev S.A.,ABI.BT,JAB Holdings,Vontobel Research,Kevin Johnson,Dan Loeb,Jean-Philippe Bertschy,Mark Schneider,financial performance,earnings,sales figures,ownership changes,acquisitions,mergers,shareholdings,new products,services,capacity,facilities,marketing,pricing,sales promotions,contracts,orders,non-governmental contracts,corporate actions,corporate,industrial news,facility openings,commodity markets,agricultural commodity markets,soft commodity markets,commodity,financial market news,coffee markets,agriculture,farming,coffee growing,motor vehicle parts,food,beverages,retail,wholesale,food retailing,specialty food retailing,specialty retailing,hotels,restaurants,cafes,fast food places,limited-service eating places,automotive,drinks,consumer goods,coffee products,financial services,food products,investing,securities,leisure,arts,hospitality,non-alcoholic beverages

Share this article

Related videos

Nestle Bets $7 Billion on Starbucks to Revive Coffee Sales
Nestle Bets $7 Billion on Starbucks to Revive C...
Nestlé Inks Deal to Sell Starbucks Products World-Wide
Nestlé Inks Deal to Sell Starbucks Products Wor...

DON'T MISS THIS STORIES