Nestle Rolls Out Starbucks Branded Coffees for Retail Sale
February 13 2019 - 12:48PM
Dow Jones News
By Stephen Nakrosis
Swiss-food conglomerate Nestle SA (NSRGY) on Wednesday said the
company was launching a range of Starbucks-branded coffee products
in retail markets across the globe.
Nestle said it would be releasing 24 new products, including
Starbucks capsules for use with the Nespresso and Nescafe Dolce
Grande coffee systems.
The new range of products will include signature Starbucks whole
bean, roast and ground products, blends and single-origin coffees,
the company said. Nestle will roll out products in the coming days
in markets across Europe, the Middle East, Asia, Latin America and
the U.S., it said.
In May 2018, Starbucks sold the rights to offer its coffee and
tea in grocery and retail stores to Nestle for more than $7
billion.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
February 13, 2019 12:33 ET (17:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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