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.
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