Nestle is paying $7 billion to sell Starbucks coffee to the world

Starbucks is the second-most valuable brand in fast food, according to BrandZ’s Global 2017 report, which estimates it’s worth $44 billion. Schneider agreed to pay 3.6 times sales for the consumer-products business, higher than the average of three times for major global food deals, according to Andrew Wood, an analyst at Sanford C. Bernstein.