Nestle will pay about $7.2 billion to market Starbucks’ consumer and foodservice products

Nestle will pay about $7.2 billion to market Starbucks’ consumer and foodservice products globally, excluding ready-to-drink products and sales of any products within Starbucks coffee shops. Nestle will accelerate growth in out-of-home channels and work closely with Starbucks on innovation and go-to-market strategies.

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