Nestlé Close To Deal For Starbucks Bagged Coffee, Drinks Business
Nestlé, the world's largest coffee company, is close to a deal with Starbucks Corp for the part of its business that sells bagged coffee and drinks in supermarkets, according to media reports.
Any deal between the coffee giants would not involve any of the Seattle-based chain's more than 28,000 cafes, according to Bloomberg, which reported the news after Swiss financial blog Inside Paradeplatz.
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