Author Archives: Nancy Luna

Starbucks Expands Retail Reach in $7B Deal with Nestlé

Swiss food giant to sell chain’s packaged coffee worldwide Starbucks is expanding the global distribution of its packaged coffee and single-serve pods under a $7 billion cash deal with Swiss food giant Nestlé, which owns Nespresso and Dolce Gusto coffee systems. Nestlé is paying Seattle-based Starbucks $7.15 billion for the rights to market, sell,...