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Nestle, Starbucks enter $7B deal to sell packaged coffees, teas worldwide


Nestlé is buying the rights to market, sell and distribute Starbucks packaged coffee and tea around the world, the two companies announced on Monday.

The $7 billion deal is for Starbucks, Seattle’s Best Coffee, Starbucks Reserve, Teavana, Starbucks VIA and Torrefazione Italia. Those brands will now be included in Nestlé’s K-cup pods line-up.

“This is a great day for coffee lovers around the world,” proclaimed Nestlé CEO Mark Schneider.

The deal gives Nestlé,  known for its Nescafé and Nespresso coffees, a bigger presence in U.S. supermarkets. For Starbucks, it funnels their packaged brands into Nestlé’s global distribution network.

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