Starbucks and Nestle form "global coffee alliance" - KXLT - Fox 47 Rochester MN News, Weather, Sports #rochmn

Starbucks and Nestle form "global coffee alliance"

Posted: Updated:
New study shows coffee may help prevent cancer New study shows coffee may help prevent cancer
(FOX NEWS) -

Nestle and Starbucks are joining forces. The companies announced Monday they are forming a "global coffee alliance."

Nestle will pay 7.2 billion dollars in order to globally distribute, market and sell packaged products from Starbucks.

The deal only applies to Starbucks' packaged products sold outside the U.S. and doesn't include any ready-to-drink coffee, tea or juices. Regulators still need to approve the merger.

It's expected to be finalized within the next few months.
 

Powered by Frankly