Nestle pays Starbucks $7.1bn to sell coffee
Nestle has announced that it will pay Starbucks $7.1bn (£5.2bn) to sell the company's coffee into homes. The Nescafe and Nespresso owner will own the rights to market Starbucks' coffee, which it says generates $2bn in annual sales. Nestle's name will not appear alongside Starbucks's. The deal means Nespresso machine owners will be able to buy Starbucks coffee branded pods for use in their equipment.