NestlÃ© closes $7.1 billion deal to market Starbucks products
Swiss food and drink company NestlÃ© on Tuesday said it has closed the deal to market US coffee giant Starbucks' products around the world, outside of the company's coffee shops. The $7.15 billion deal gives NestlÃ© perpetual rights to sell Starbucks products. About 500 Starbucks employees in the US and Europe will join NestlÃ© under the deal.