1. Nestle to Pay $7.15 Billion to Get into Starbucks' Coffee Business

    Nestle to Pay $7.15 Billion to Get into Starbucks' Coffee Business

    Reuters/Kim Hong-Ji

    • Swiss-based food giant Nestle will pay Starbucks $7.15 billion in cash for the rights to sell the U.S. coffee chain's products around the world in a global alliance aimed at reinvigorating their coffee empires.
    • The deal on Monday for a business with $2 billion in sales reinforces Nestle's position as the world's biggest coffee company tries to fortify its place atop a fast-changing market...
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  2. Quotes

    1. 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.
    2. Nestle is far and away the largest hot drinks company globally, with more in sales than the next five largest hot drinks companies combined.
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