Nestlé to Pay Starbucks $7.15 Billion to Sell Their Products Nestlé's Chief Executive, Mark Schneider, is making a big move for the company's largest high-growth category. The deal will secure Nestlé perpetual global rights to market Starbucks consumer and foodservice products. The two companies will work closely together on innovation and go-to-market strategies to bring the best coffee to customers around the world. - statment Following the announcement, Nestlé shares rose 1.4 percent and Starbucks was indicated 2.8 percent higher. Approximately 500 Starbucks employees will join the Nestlé family to drive performance of the existing business and global expansion. The agreement is subject to regulatory approval and is expected to close by the end of 2018.
