Nestl é officially acquired Starbucks for $715 million!
Recently, it is widely rumored on the Internet that Nestl é is going to buy a branch business of Starbucks. Beijing time: it was officially confirmed by Starbucks officials today.
Seattle time: yesterday, Starbucks overseas official website officially announced the establishment of a global coffee alliance with Nestle Coffee to promote and expand consumer packaging products.
The alliance will leverage the complementary strengths, scale and expertise of the two most recognized and respected consumer brands in the world to bring Starbucks packaged coffee to the global regional market; the Starbucks brand portfolio will represent Nestl é's single-service "capsule system", including Nespresso and Nestl é's Dolce Gusto.
The goal of the alliance is to make coffee the first truly sustainable agricultural product in the world.
Seattle time, yesterday May 06, 2018-Starbucks (Nasdaq: SBUX) today announced that it will establish a global coffee alliance with Nestl é to accelerate and expand the global presence of the Starbucks brand in consumer packaged products (CPG) and catering services. Through a shared commitment to the ethics and sustainability of coffee, the alliance will change, expand and upgrade coffee for household and travel use and related categories.
As part of the alliance, Nestl é will acquire marketing, sales, and distribution rights, Starbucks?,Seattle's Best Coffee?, Starbucks Reserve?, Teavana?, Starbucks VIA? And Torrefazione Italia? Packaged coffee and tea in all channels around the world.
Nestl é will pay Starbucks $7.15 billion in acquisition fees, while Starbucks, which focuses on long-term shareholder value creation, will retain a sizeable stake as a licensor and a supplier of baking, grinding and other products. In addition, the Starbucks brand combination will be reflected in Nestl é's capsule system.
Kevin, president and CEO of Starbucks? "the Global Coffee Alliance will bring the Starbucks experience to millions of people around the world through Nestl é's influence and reputation," Johnson said. " "this historic transaction is part of our efforts to meet the changing needs of consumers, and we are proud to work with a company committed to our common values."
Mark, CEO of Nestle? Mr Schneider said: "this deal is an important step for our coffee business, which is Nestl é's largest high-growth category." With Starbucks, Nestle Coffee and Nespresso, we have brought together three iconic brands in the coffee world. We are very happy to have Starbucks as our partner. Both companies have a real passion for outstanding coffee and are proud to be recognized as the global leader in responsible and sustainable coffee procurement. It's a beautiful day for coffee lovers all over the world.
The Global Coffee Alliance combines the strength and affinity of the Starbucks brand with the global influence of Nestl é and its iconic coffee brands to create new growth opportunities in the North American market and expand in the international market. In the United States, it has also improved Nestl é's retail and catering services in coffee, making up for its position in instant coffee and super premium single service. Starbucks at K-cup? There is also a strong presence on the shelf.
As part of this permanent global license agreement, Starbucks will provide procurement, baking and Starbucks global brand management to the alliance, while the two companies will work closely together to provide customers around the world with the best coffee with innovative and marketing strategies.
This agreement is approved by regular regulators and is expected to end this summer or earlier. The agreement does not include ready-to-eat coffee, tea and juice products.
Starbucks intends to use the after-tax income from the prepayment mainly to speed up share buybacks and now expects to return about $20 billion in cash to shareholders in the form of share buybacks and dividends by fiscal year 2020. In addition, the deal is expected to achieve earnings per share (EPS) by the end of 2021 or earlier, while the company's announced long-term financial targets remain unchanged.
Starbucks will be in Kevin at 5: 00 p.m. on Monday, May 7. Kevin Johnson led a 30-minute investor conference call to provide more details. The conference call will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com. The company's website will broadcast a replay of the webcast on the company's website by the end of Wednesday, June 6, 2018.
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