Starbucks cements licensing deal with Nestle

Swiss food conglomerate Nestle and Starbucks released news today that the companies have dotted all the I's and crossed all the T's on a deal that will allow Nestle to market Starbucks' coffee and tea products outside the retailer's coffee shops. As a result of the branding arrangement, the announcement said that about 500 Starbucks employee positions will shift over to Nestle.