Starbucks boosts Nestlé’s results
April 19, 2019
Nestlé reported a 4.3 percent gain in sales during the first quarter, driven by a strong performance by its coffee business. The food giant, which paid $7.1 billion last year to license Starbucks’ packaged goods for sale in grocery stores, launched a line of 24 products under the coffee retail giant’s brand in February.
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