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Nestle Starts Selling Starbucks-Branded Coffee In China

From: reuters.com

SHANGHAI (Reuters) – Food giant Nestle (NESN.S) on Thursday started selling Starbucks-branded (SBUX.O) coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards.

Nestle last year paid $7.15 billion for exclusive rights to sell the U.S. chain’s coffees and teas globally, and began selling Starbucks-labelled products in Europe, Asia and Latin America in February.

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