Starbucks to Sell K-Cups for Green Mountain Keurig Next Week

Starbucks Corp. (SBUX), which began selling K-Cups at grocery stores last year, will offer the single- serving portion packs for Green Mountain Coffee Roasters Inc. (GMCR)’s Keurig brewers in its U.S. cafes to bolster sales.

Starbucks, which also offers Tazo tea K-Cups, will begin selling the portion packs at its more than 10,800 U.S. stores on June 12, according to Lisa Passe, a spokeswoman for the Seattle- based company.

Last month, Chief Executive Officer Howard Schultz said that Starbucks brand K-Cups “continue to see robust gains.” Schultz has also said that the company’s relationship with Green Mountain Coffee Roasters is “strong.”

Starbucks was little changed at $53.44 at the close in New York. Waterbury, Vermont-based Green Mountain dropped 0.9 percent to $24.30.

Dunkin’ Brands Group Inc. (DNKN) and Caribou Coffee Co. (CBOU) also offer K-Cups.

To contact the reporter on this story: Leslie Patton in Chicago at lpatton5@bloomberg.net

To contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.