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Nestle Pays Starbucks $7.1bn to Sell its Coffee

Nestle in $7.1bn Starbucks coffee deal

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Nestle Pays Starbucks $7.1bn to Sell its Coffee.
Nestle Paid Starbucks $7.1bn to Sell its Coffee. Pixabay

Food giant Nestle on Monday announced a $7.1 billion deal with Starbucks for the rights to sell the chains coffee, tea and food products in grocery stores and other outlets globally.

The Swiss consumer goods giant said 500 Starbucks employees would transfer over to its business but they would continue to be located in Seattle, the group’s headquarters for the last 47 years.

Starbucks coffee
Starbucks coffee. Pixabay

The Nescafe and Nespresso owner would own the rights to market Starbucks’ coffee, which it says generates $2 billion in annual sales, the BBC reported.

Nestle chief executive Mark Schneider, who in 2016 became the first outsider to run Nestle in almost 100 years and who is attempting to boost the company’s profit through expansion, described it as a “significant step”.

Also Read: Californian Court Warns “Coffee causes Cancer!”

The company last sold its US sweets and chocolate business, including brands such as Crunch and Butterfinger, to Ferrero Group for 2.7 billion Swiss francs.

Schneider described the “global coffee alliance” with Starbucks as “a great day for coffee lovers around the world”. (IANS)

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Drinking Coffee May Help Reducing the Risk of Developing Gallstones

The researchers also highlighted several mechanisms by which coffee consumption might help to prevent gallstones from forming

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A patron holds an iced beverage at a Starbucks coffee store in Pasadena, Calif., July 25, 2013. VOA

In a treat to coffee lovers, researchers have found that drinking coffee may help in reducing the risk of developing gallstones.

“We have tested the hypothesis that high coffee intake causally protects against symptomatic gallstone disease,” said researchers from the University of Copenhagen in Denmark.

According to the research published in the Journal of Internal Medicine, among 104,493 individuals, those who drank more than six cups of coffee per day had a 23 per cent lower risk of developing symptomatic gallstones compared with individuals who did not drink coffee.

A barista pours steamed milk into a cup of coffee at a cafe in Los Angeles, Sept. 22, 2017. State health officials proposed a regulation change Friday that would declare coffee doesn't present a significant cancer risk, countering a California court ruling.
A barista pours steamed milk into a cup of coffee at a cafe in Los Angeles, Sept. 22, 2017. VOA

Drinking one extra cup of coffee per day was associated with three per cent lower risk, the study said.

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Also, individuals with certain genetic variants that have been linked to increased coffee consumption had a lower risk of gallstones.

The researchers also highlighted several mechanisms by which coffee consumption might help to prevent gallstones from forming. (IANS)