Nestlé

Nestle-Starbucks Alliance Brings Mutual Benefits

Brands get all the attention, but distribution is the formidable skeleton that enables food and beverage titans such as Nestlé ($90 billion), PepsiCo ($63 billion), Coca-Cola ($42 billion) and Kraft Heinz ($26 billion) to generate $25 to $100 billion in annual sales. Last week Nestlé announced it had purchased perpetual rights to market Starbucks...

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,...

RTD Outlook for 2018; APAC Tops Growth in Global RTD Tea

Global ready-to-drink (RTD) tea and coffee sales are expected to experience a combined annual growth rate (CAGR) of 9 percent through 2021, according to a new report by global technology research and advisory company Technavio. Fast-paced lifestyles of consumers are one of the major factors driving the market. Consumers are increasingly looking for RTD...

Nestlé Sells Sweet Leaf Tea and Tradewinds

Nestlé Waters North America (NWNA) announced the sale of its Tradewinds ready-to-drink and Sweet Leaf Tea brands to Dunn’s River Brands for an undisclosed sum. Dunn’s is a portfolio company of Texas-based private equity firm Fireman Capital Partners (FCP). Dunn’s was founded by Lee Brody, Ian Knowles and Kevin McClafferty, who serves as president...

Nestle and Coca-Cola to End Nestea Joint Venture

Sixteen years ago Coca-Cola and Nestlé (Nestea) formed Beverage Partners Worldwide, a partnership to market bottled tea. The market segment was dominated by the Pepsi Lipton Tea Partnership (PLTP), a joint venture of (Lipton) and PepsiCo established in 1991. Lipton remains the U.S. market leader with a retail value share of 13%. However, virtually...

Nestea Plans Major Rebranding

Last year, Nestea, a venerable tea brand owned by Nestlé since 1948, changed its bottle size and introduced several new flavors, including iced tea with peach, iced tea with raspberry, and iced tea lemonade to complement a diet iced tea with lemon. Its sculpted 23-oz PET bottles not only contained more tea, but importantly...