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KM Financial Solutions | UPDATE 3-Nestle to pay $7.15 bln to Starbucks to jump-start coffee business
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UPDATE 3-Nestle to pay $7.15 bln to Starbucks to jump-start coffee business

06 May UPDATE 3-Nestle to pay $7.15 bln to Starbucks to jump-start coffee business

Posted at 09:20h in News by
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LONDON/ZURICH, May 7 (Reuters) – Swiss-based food giant
Nestle will pay Starbucks $7.15 billion in
cash for the rights to sell the U.S. coffee chain’s products
around the world in a global alliance aimed at reinvigorating
their coffee empires.

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