19 Oct 2022 --- Nestlé plans to acquire the Seattle’s Best Coffee brand from Starbucks in a deal that is part of Nestlé’s focus on driving sustained profitable growth in the coffee category. The transaction - the terms of which have not been disclosed - also strengthens the Global Coffee Alliance, an initiative between the two companies, which began in 2018. The acquisition comes as Nestlé reports a total sales increase of 9.2% to CHF 69.1 billion (US$69.1 billion) - its strongest sales growth in 14 years.
