ZURICH: Nestle SA and Starbucks Corp are joining forces to rejuvenate their coffee empires.
The Swiss maker of Nescafe will pay the Seattle-based chain US$7.15bil upfront in cash for the rights to sell Starbucks coffee products in supermarkets, restaurants and catering operations, the companies said yesterday. Nestle will use the Starbucks brand in its Nespresso and Dolce Gusto capsule systems next year.
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