Starbucks and Nestlé are both struggling to boost growth, but the sales tie-up between the two companies shows the value of powerful brands. Nestlé agreed to pay Starbucks more than $7 billion to sell the chain’s packaged coffee beans, single-serve coffee packs and other products through retail and grocery stores around the world. Starbucks’ chief financial officer called the valuation “very, very compelling.”For...

Source: Wall Street Journal May 07, 2018 16:07 UTC