Nestle Reportedly to Buy Starbucks’ Retail Coffee Trading Business

From www.thestreet.com

Starbucks Corp. (SBUX – Get Report)  was reportedly close to selling its retail coffee trading business to Nestle S.A.

 The deal was first reported by Inside Paradeplatz, a Swiss financial blog, which said a deal could be announced over the weekend.

Nestle over the past year has focused on acquiring smaller coffee brands such as Blue Bottle Coffee Co. and Chameleon Cold-Brew.

 Nestle owns Nespresso, which is a direct rival in the U.S. to Starbucks’s retail coffee bean business.
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