The Swiss giant, which boasts Nescafe and Nespresso amongst its brands, will have the right to market Starbucks’ coffee in retail outlets outside the cafe chain.
According to a BBC report, that part of the business currently generates $2billion in annual sales.
The deal means Nespresso machine owners will be able to buy Starbucks coffee branded pods for use at home.
Under the arrangement, Consumers will also find Starbucks coffee beans, ground and instant coffee more readily available as Nestle, the world’s largest food and drinks company, uses its vast distribution network to market Starbucks products worldwide.
Meanwhile, Nestle’s name will not appear alongside Starbucks’s, but the deal could still help Nestle strengthen its US business, thanks to the powerful High Street coffee brand.
