Starbucks focuses on coffee

In May 2018, Starbucks signed a US$7.15 billion deal with Nestlé, which will sell its packaged coffee in supermarkets and grocery stores. For Starbucks, this consumer packaged-goods business generated US$1.8 billion in revenue last year, i.e. only 8% of total business. Meanwhile, sales have been slowing at Starbucks U.S.A. coffee shops as mall visitors fall and competition increases. The firm now focusses on China, which will overtake the U.S. as its largest market, with a debut high