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21May
2018

Giant agreement: Nestle will sell Starbucks products

Nestlé and Starbucks have signed a contract under which products belonging to the American coffee shop network will go to stores around the world. The total value of the transaction exceeds $ 7 billion.

The agreement deals with the sale of Starbucks products outside the outlets of this network. At the same time, both companies will work closely with innovative products and new business strategies in the coffee category.

Under the terms of the agreement, Starbucks will receive 7.15 billion dollars from Nestlé. Nestlé expects that the new business will increase its profits as early as 2019. The Nestlé team will be joined by 500 Starbucks employees. The companies are expected that the deal will be completed this year.


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