Nestle pays Starbucks $7.1bn to procure global coffee licensing rights

Nestle has stumped up $7.1bn (£5.2bn) in order to convince high street coffee chain Starbucks to license the rights to its global brand.
The partnership will see Nestle win the right to market Starbucks' coffee beyond the confines of its own cafes, including enabling owners of Nespresso coffee machines to be able to purchase Starbucks coffee branded pods for the first time.
Nestle will stock Starbucks as part of a product range that already includes the Nescafe and Nespresso