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Nestle Sees $250 Million Boost for Starbucks Products

  • Swiss food company plans to expand portfolio to Latin America
  • Nestle paid $7 billion last year to use Starbucks brand
Nestle CEO Cuts The Meat In Bid To Build Healthier Food Giant
Photographer: Stefan Wermuth/Bloomberg
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Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the U.S. coffee giant.

Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said Tuesday in response to questions. Last year, Nestle paid more than $7 billion for licenses to use the Starbucks brand for products sold in grocery stores.