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JAB Holdings

Nestle will pay Starbucks USD 7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the US coffee company’s products around the world outside Starbucks’ coffee shops.

Nestle to pay USD 7.15 billion to Starbucks in coffee tie-up

Coffee is popular with millennials who have grown up with Starbucks and often seek out smaller brands.

07 May 2018 12:30 PM

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