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Nestlé is growing its coffee business. The company has just inked a $7.15 billion deal with Starbucks to market some of its products globally—well, outside of Starbucks’ coffee shops.
The deal is pending regulatory approval. Should it make it past regulators—the companies expect the deal to close by the end of 2018—the brands will work together to figure out the best strategies for Nestlé to bring Starbucks’ products—think packaged coffee beans and coffee pods—to market globally. The deal excludes ready-to-drink products.
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