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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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Consumption of Coffee May Reduce MetS: Study

Drinking coffee may reduce heart disease risk

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Coffee-reduce MetS
Coffee has been proven to reduce MetS. Pixabay

Coffee consumption is associated with reduced risk of metabolic syndrome (Mets), say researchers adding that MetS increases the risk of cardiovascular problems, including coronary heart disease and stroke.

According the study, Assistant Professor Giuseppe Grosso from the University of Catania, Italy, reviewed his own scientific research on the association between coffee consumption and MetS in Polish and Italian cohorts and explored the potential mechanistic perspectives behind the inverse association.

His research suggests that polyphenols contained in coffee may be involved in the inverse association, specifically phenolic acids and flavonoids.

He also reviewed research that suggests that moderate coffee consumption is associated with a reduction of CVD, cancer, all-cause mortality and type 2 diabetes.

For the findings, Associate Professor Estefania from Toledo University of Navarra, Spain, reviewed meta-analyses considering associations between coffee consumption and MetS and discussed work in a Mediterranean cohort.

Her research involved 22,000 people and specifically considered caffeinated and decaffeinated coffee.

Reducing MetS- coffee
Average consumption of coffee can reduce the risk of heart diseases by reducing MetS. Pixabay

The study concluded that moderate coffee consumption (one to four cups per day) was associated with reduced risk of MetS, whilst higher intakes were not.

This was reported for both regular and decaffeinated coffee.

The inverse association between coffee consumption and metabolic syndrome was shown in both men and women, said the study.

Also Read- Women Affected The Most By Environmental Stress: Study

Meta-analyses also found that a moderate consumption of both caffeinated and decaffeinated coffee may be associated with a reduced risk of metabolic syndrome.

The study was presented at the 13th European Nutrition Conference organised by the Federation of European Nutrition Societies (FENS) in Dublin, Ireland. (IANS)