Nestlé And Starbucks Expect Coffee Alliance To Boost Growth
Nestlé and Starbucks expect new products developed under their coffee alliance will help to increase sales, executives from the two companies told Reuters in an interview.
In May 2018, Nestlé paid $7.15 billion for rights to sell Starbucks packaged coffees and teas around the world, freeing up Starbucks to focus on its cafe business.
The alliance is expected to help Nestlé to tackle tough competition in the coffee market from rivals such as JAB Holdings.
ESM
Related news
Nestlé cuts jobs at Czech factory amid falling demand for plant-based meat
Nestlé is to cut 80 jobs from its Krupka plant…
Read more >Nestlé’s coffee brand surpasses regenerative agriculture goal for 2025
Nescafé said it sourced close to a third of its beans…
Read more >Starbucks pilots ‘Green Dot’ AI assistant to support baristas in real time
It is currently being piloted in 35 Starbucks locations. Starbucks…
Read more >Related news
Tears in the Water benefit concert in September, charity campaign continues
Due to the extreme heat, the organizers postponed the “Tears…
Read more >Producers and consumers must be brought closer together
By strengthening the short supply chain, producers and consumers must…
Read more >III. Employer Branding Conference: Is the future already here?
On 4 June 2025, the first Sustainable Packaging Forum took…
Read more >