Asian Markets Slip as Precious Metals Cool, Geopolitical Tensions Weigh on Sentiment 
CN Energy Group Inc. Stock Slides After Nasdaq Delisting Notice Over Bid Price Rule 
Oil Prices Slip Slightly as Markets Weigh Geopolitical Risks and Supply Glut Concerns 
NTSB Opens Investigation Into Waymo Robotaxis After School Bus Safety Violations in Texas 
Citi Forecasts a Volatile but Ongoing Bull Market for S&P 500 in 2026 
Asia Manufacturing PMI Rebounds as Exports and Tech Demand Drive Growth into 2026 
U.S. Stocks Slip as Gold Rebounds Ahead of Year-End, Markets Eye 2026 Outlook 
U.S. Dollar Slides Toward Biggest Annual Loss Since 2017 as 2026 Risks Loom 
FSU Criticizes ANZ Over Suncorp Bank Job Cuts Amid Post-Acquisition Commitments 
JPMorgan and Allen & Company Emerge as Big Winners in Warner Bros Discovery Bidding War 
China Imposes 55% Tariff on Beef Imports Above Quota to Protect Domestic Industry 
Oil Prices Stabilize at Start of 2026 as OPEC+ Policy and Geopolitical Risks Shape Market Outlook 
Gold Prices Rebound in Europe as Geopolitical Tensions and Fed Outlook Support Bullion 
Valero Makes First Venezuelan Crude Purchase Under New U.S.-Caracas Deal 
Exxon Mobil’s XTO Energy Explores Sale of Eagle Ford Shale Assets in South Texas 
South Korea Factory Activity Returns to Growth in December on Export Rebound 
Starbucks sold its Seattle’s Best Coffee brand to Nestle, but the financial terms of the deal were not disclosed. With the acquisition, the Swiss food and beverage firm is aiming to boost its North American coffee business.
Nestle announced the deal on Wednesday, Oct. 19, and in a statement, it said that this transaction would further build up its Global Coffee Alliance with Starbucks. The company has been collaborating with the coffee chain since 2018, and in fact, Nestle has been distributing Starbucks’ products for several years now in more than 80 countries around the world, as per CBS News.
Since Nestle and Starbucks formed their alliance, they have successfully delivered a wide range of premium coffee products to many new markets. The entrance to markets became easy due to the alliance, and this was why the global distributions have been quick as well.
The acquisition will just make things a lot more easier for Nestle and Starbucks to do business together. They will continue to work side by side and develop innovative products for the global market and further expand their reach locally and globally.
At any rate, as it unloads its Seattle’s Best Coffee brand, Starbucks is now directing its focus on the makeover of its store locations in North America. Last month, the coffeehouse company revealed its plans to invest $450 million to transform its stores and make them more efficient.
The investment fund is set to be doled out next year. It also shared that it already spent more than $1 billion last year on workers’ pay increases and improvement of employee benefits. This was also an effort to turn away a campaign for the unionization of its stores.
The deal between Nestle and Starbucks for the acquisition of Seattle’s Best Coffee is expected to close before this year ends. The transaction is also subject to customary regulatory approval.
“Our partnership with Starbucks has confirmed Nestlé’s leading position in the dynamic and growing global coffee market,” Nestle Coffee Brands’ head, David Rennie, said in a press release. “With the well-known Seattle’s Best Coffee brand, we will continue to build our leadership in coffee by offering consumers more choices for their everyday coffee.”
