Nestle pays USD 7.15 bn for rights to sell Starbucks products globally

Anca Alexe 07/05/2018 | 12:11

Nestle will pay USD 7.15 billion to Starbucks as part of a global coffee alliance in which the Swiss-based food giant will get the right to market Starbucks products outside the company’s coffee shops around the world, Reuters reports.

“This global coffee alliance will bring the Starbucks experience to the homes of millions more around the world through the reach and reputation of Nestle,” said Starbucks CEO Kevin Johnson.

Nestle will take on about 500 Starbucks employees as a result of the deal, and it says its ongoing share buyback programme will remain unchanged.

 

Tags: ,
BR Magazine | Latest Issue

Download PDF or read online: October 2022 Issue | Business Review Magazine

The October 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Globalworth Successfully Addressing Market Challenges From a Position
Anca Alexe | 26/10/2022 | 17:53

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue