Deals this week: Nestle, Unilever, Popeyes

31st August 2018 (Last Updated August 31st, 2018 10:53)

Nestlé has concluded a $7.15bn deal to market Starbucks’ consumer packaged goods and foodservice products worldwide.

Nestlé has concluded a $7.15bn deal to market Starbucks’ consumer packaged goods and foodservice products worldwide.

The companies will collaborate to produce the existing Starbucks range of roasted and ground coffee, whole beans, and instant and portioned coffee, as part of the deal.

The Starbucks packaged coffee and tea brands covered under the agreement include Starbucks VIA Instant, Starbucks, Teavana, Starbucks-branded K-Cup pods, Torrefazione Italia, and Seattle’s Best Coffee.

The licence agreement will expand Nestlé’s coffee portfolio in the North American premium roast and ground and portioned coffee market, as well as strengthen the Starbucks brand in global grocery and foodservice markets.

Unilever NV has received €650m ($756.94m) through the sale of senior notes in a public offering.

Due September 2030, the notes were issued at a price of 98.951% of the principal amount and carry a fixed annual coupon rate of 1.375%.

“Starbucks will sell the notes at a price of 99.908% of the principal amount with an initial yield of 3.815%.”

Based in the Netherlands, Unilever produces and markets food, beverages, personal care products and other consumer goods.

Restaurant Brands International (RBI) subsidiary Popeyes and Kuya J Holdings Group have signed a master franchise agreement to launch the Popeyes brand in the Philippines.

The companies will collaborate on the development and expansion of the Popeyes brand in the Philippines, under the agreement.

Based in the US, Popeyes provides New Orleans style menu featuring spicy chicken, fried shrimp, chicken tenders and other regional items.

Kuya J Holdings runs approximately 100 Kuya J Restaurants across the Philippines.

Starbucks Corporation intends to raise $1.25bn through a public offering of senior notes.

Due August 2025, the notes carry a coupon rate of 3.8% a year, payable semi-annually.

Starbucks will sell the notes at a price of 99.908% of the principal amount with an initial yield of 3.815%.

The company has also priced public offerings of senior notes due 2048 and 2028, respectively.

Great Western Academy (GWA), a new secondary school in Swindon, UK, has awarded a three-year contract to Sodexo for catering and cleaning services.

Sodexo will introduce a new modern school food and dining environment concept called Food & Co by Sodexo to deliver a range of cosmopolitan foods to pupils during breakfast, morning break and lunch, as part of the contract.

Sodexo will employ on-site catering and cleaning workforce to deliver food through its supply chain partners.