NSRGY - Starbucks deepens global partnership with Nestle

July, 26 2021 04:42 PM Nestle SA ADR Reg Shs Ser B

bensib/iStock Editorial via Getty Images Starbucks Corporation (SBUX) and Nestle (NSRGY) announce a new collaboration to bring Starbucks Ready-to-Drink coffee products to select markets across Southeast Asia, Oceania and Latin America. The companies say they will work to quickly bring these coffee beverages to consumers as of 2022. Nestlé and Starbucks plan to initially focus on the most popular RTD products, such as Starbucks Frappuccino and Starbucks Doubleshot, but will also continue to develop a strong innovation pipeline.The products will be rolled out across a variety of channels, including online platforms. The new SBUX-Nestle collaboration builds on a successful three-year partnership through the global coffee alliance, which expanded the reach of Starbucks branded coffee and tea products across 79 markets outside Starbucks retail stores.Starbucks is up 0.27% in AH trading just ahead of the the company's earnings report tomorrow. Read the Starbucks earnings preview.

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Starbucks deepens global partnership with Nestle

Company Name:	Nestle SA ADR Reg Shs Ser B
Stock Symbol:	NSRGY
Market:	OTC

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