Keurig Dr Pepper in Long-Term Deal With Nestle USA to Make, Distribute Starbucks K-Cup Pods
February 27 2020 - 7:34AM
Dow Jones News
By Chris Wack
Keurig Dr Pepper Inc. said Thursday it has entered into a
long-term, strategic agreement with Nestle USA to manufacture and
distribute Starbucks-branded packaged coffee in K-Cup pods in the
U.S. and Canada.
Keurig Dr Pepper said the new deal with Nestle, which acquired
the rights in August 2018 to market and distribute Starbucks CPG
and Foodservice products globally outside of Starbucks coffee
shops, would replace the existing K-Cup pod agreement between
Keurig Dr Pepper and Starbucks Corp. following a transition
period.
Financial terms of the agreement between Keurig Dr Pepper and
Nestle weren't disclosed.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 27, 2020 07:19 ET (12:19 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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