Nestlé and Starbucks – a giant deal worth $ 7 billion

Media IN / Agencies 2018-05-07

Nestlé, the giant food giant, said it would pay $ 7.15 billion to buy the rights to sell Starbucks chain products around the world as part of an alliance to bring life to the coffee-related businesses.

The deal, on Monday, reinforces Nestlé’s position as Starbucks, the world’s largest coffee maker, tries to establish itself in a rapidly changing market.

Nestlé says it expects the Starbucks coffee and beverage deal to increase profits by 2019.

This deal includes any Starbucks coffee shop

Nestlé and Starbucks are joining together in the beverage industry, which has seen a number of recent deals.