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| Name | Symbol | Market | Type |
|---|---|---|---|
| Nestle SA (PK) | USOTC:NSRGY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.06 | 0.06% | 101.20 | 101.18 | 102.21 | 102.17 | 101.12 | 102.12 | 594,323 | 22:20:00 |
From May 2019 to May 2024
By Micah Maidenberg
Nestle SA will begin selling Starbucks Corp.-branded dairy creamers to retailers, expanding on a deal the companies struck last year.
The Seattle-based coffee chain in May 2018 sold the rights to offer its coffee and teas in supermarkets and other retail stores to Nestle for more $7 billion, allowing it to focus on its stores around the world.
Now, the companies have created a new line of coffee creamers, available in caramel, white chocolate, and a cinnamon flavor.
Nestle and Starbucks expect the refrigerated creamer category in the U.S. to surpass $7.8 billion by 2023.
Starbucks hadn't previously developed a refrigerated coffee creamer under its brand, the companies said.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
July 22, 2019 08:46 ET (12:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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