Starbucks Sells Nestlé the Rights to Offer Its Coffee in Stores


Starbucks Corp. is betting its future on its coffee shops.

To do that, the Seattle-based company has removed a distraction by selling the rights to offer its coffee and tea in grocery and retail stores to Nestlé SA for more than $7 billion.

Coffee sellers from Dunkin’ Brands Group Inc. to McDonald’s Corp. have crowded supermarket shelves…

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