June 7 (Bloomberg) -- Starbucks Corp., which began selling K-Cups at grocery stores last year, will offer the single-serving portion packs for Green Mountain Coffee Roasters Inc.’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. and Caribou Coffee Co. also offer K-Cups.
To contact the reporter on this story: Leslie Patton in Chicago at firstname.lastname@example.org
To contact the editor responsible for this story: Robin Ajello at email@example.com