Nestle Rolls Out Starbucks Branded Coffees for Retail Sale

Date : 02/13/2019 @ 5:48PM
Source : Dow Jones News
Stock : Starbucks Corp. (SBUX)
Quote : 71.38  0.54 (0.76%) @ 8:50PM

Nestle Rolls Out Starbucks Branded Coffees for Retail Sale

Nestle S.a. (PC) (USOTC:NSRGY)
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   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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