Nestle said it expects the deal to sell Starbucks bagged coffee and drinks adding to earnings by 2019. It will not involve any of Starbucks' cafes, but does let Nestle sell Starbucks coffee in individual pods and expand sales of soluble coffee. Starbucks, strong mostly in the United States, will have the final say on expanding its product range. Nestle and Starbucks are joining forces in a highly fragmented consumer drinks category that has seen a string of deals lately. Nestle sells General Mills' Haagen-Dazs brand in the United States and Hershey sells Nestle's KitKat in the United States.

Source: bd News24 May 07, 2018 09:22 UTC