Starbucks will sell the best coffee brand in Seattle to global food giant Nestle. Both companies announced the acquisition today. The terms have not been disclosed. Starbucks has owned Seattle's Best since 2003, although Seattle's Best dates back to a single coffee shop founded in 1969 on Whidbey Island, northwest of Seattle, under the name of Wet Whisker.
SEATTLE Starbucks sells its Seattle's Best Coffee brand to Nestle for an undisclosed amount. AFC will continue to operate Seattle's Best Coffee's 110 international coffees, most of them in Asia and the Middle East, said President and CEO Frank Belatti.