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Back to topNestle, Starbucks wrap up $7.15 billion licensing deal
apr-news-Netlé
Tuesday, 28 August 2018
Nestle, Starbucks wrap up $7.15 billion licensing deal
REUTERS - Nestle (NESN.S) and Starbucks (SBUX.O) said on Tuesday they had concluded their licensing deal for the Swiss food giant to market the U.S. coffee maker’s packaged coffees and teas around the world.
The $7.15 billion deal grants Nestle perpetual rights to sell Starbucks products such as Starbucks, Seattle’s Best Coffee and TeavanaTM/MC outside of the U.S. company’s coffee shops, and will result in about 500 Starbucks employees shifting to Nestle.