Nestle Takes Over Sales Of Starbucks In Grocery Aisles

SEATTLE (AP) - Nestle is paying more than $7 billion to handle global retail sales of Starbucks's coffee and tea outside of its coffee shops.The deal comes with a huge price tag for Nestle, but it could pay off big for the Swiss company. Its Nescafe and Nespresso don't carry anywhere near the heft in America that Starbucks brand does, with its $2 billion in annual sales.

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