Nestle is having an eye on the coffee lovers in America. It knows that the Americans have a great love for coffee and wants to earn more profits, by betting on the coffee love of the Americans.
The Swiss company Nestle has taken over the selling of the Starbucks in homes by paying more than $7 billion. This is a new move made by Nestle in order to offset the sales decline that it is facing in other divisions. Starbucks will also benefit from this new deal as their global presence will be increased through Nestle.
There is a decent amount of cash that Starbucks has received through this deal with Nestle. It can now pay off the money to its shareholders. Nestle has been upgraded and changing its products list in order to cater to the needs and the changing tastes of its customers.
Nestle said that the company is very happy to have Starbucks as its partner. The passion for great tasting coffee is what both businesses thrive on. The Nestlé product portfolio has seen a whirlwind of change recently through the acquisitions and sales. It has purchased vegetarian and vegan products from Sweet Earth, and also has a stake in Fresh.