Nestle Buys Starbucks’ Packaged Coffee Business for $7.15 Billion | Eater

"The multinational food company, which generated roughly $91 billion in revenue last year and is best known in the U.S. for candy bars, has long been a dominant global coffee player through its instant-coffee brand and related businesses. After divesting confectionery assets to refocus on higher-growth categories, it has been building its coffee portfolio—recently taking a majority stake in a specialty roaster and spending $7.15 billion to acquire another major coffee retailer’s packaged-retail lines—with the stated aim of combining its coffee brands (including instant and capsule formats) and leveraging global distribution and responsible-sourcing capabilities." - Daniela Galarza