Nestlé and Starbucks close deal for global license

Involves Starbucks CPG and foodservice products

Starbucks products
Starbucks products

Starbucks Corporation has granted Nestlé the perpetual rights to market Starbucks consumer packaged goods and foodservice products worldwide. The deal includes Starbucks packaged coffee and tea brands, but excludes ready-to-drink products and the sale of any products within Starbucks coffee shops.

According to the agreement, the two companies will work together on the existing Starbucks range of roast and ground coffee, whole beans, and instant and portioned coffee. As a result of the deal, approximately 500 Starbucks employees in the US and Europe will join the Nestlé family.

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