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Nestlé closes $7.15B deal to sell Starbucks products

Starbucks will shift 500 employees to Nestlé as part of a $7.15 billion deal that grants the Swiss company perpetual rights to sell the coffee giant’s products. Nespresso maker Nestle said it has sealed a deal to market the products of US coffee giant Starbucks around the world, outside of its cafes. …

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