Nestle has struck a mega deal with Seatlle coffee chain Starbucks. It's buying the rights to market and sell Starbucks products.
Coffee chain Starbucks is closing 8,000 stores in the US for an anti-bias training session. The measure is meant to address the issue of unconscious racism in the workplace after the recent arrests of two black men.
Coffee chain Starbucks' executive chairman Howard Schultz has become increasingly outspoken on political issues. He stepped down from the CEO job last year to focus on innovation and social impact projects.
The coffee company is known for its culture of rapid expansion but it is taking a particular punt on China. As it opens a 'shrine' to coffee in Shanghai, it is hoping to eventually make the Chinese market its biggest.
The news follows an outpouring of anger over the arrest of two black men who were "sitting quietly" in a Philadelphia cafe. The CEO of Starbucks has apologized to the men in person.
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