Starbucks Coffee and Tazo Tea for Keurig Vue Brewer
Starbucks Coffee Company and Green Mountain Coffee Roasters, Inc. have announced the expansion of their strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks-branded Vue packs for use in GMCR's recently introduced Keurig Vue Brewer (you can read our review here of the new VUE V700 System).
Starbucks and GMCR expect GMCR to distribute Starbucks Vue packs initially in specialty, department store, and mass retailers in the U.S. as well as on GMCR's consumer direct websites by fall 2012.
Full release after the jump.
Starbucks and Green Mountain Coffee Roasters, Inc. Expand Strategic Relationship
SEATTLE & WATERBURY, Vt.--(BUSINESS WIRE)-- Starbucks Coffee Company (NASDAQ: SBUX) and Green Mountain Coffee Roasters, Inc. (GMCR) (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, today announced the expansion of their strategic relationship for the manufacturing, marketing, distribution and sale of Starbucks-branded Vue™ packs for use in GMCR's recently introduced Keurig® Vue™ Brewer.
"We are proud to expand our relationship with Green Mountain Coffee Roasters and are looking forward to working with our colleagues at GMCR to further accelerate growth in premium single-serve coffee," said Jeff Hansberry, president, Channel Development, for Starbucks. "Premium single cup is the fastest-growing segment of global coffee, and the expansion of our relationship with GMCR allows us to grow further, faster, in the single cup category."
Starbucks is the exclusive, licensed super-premium coffee brand produced by GMCR for the Keurig K-Cup® Single Cup Brewing system and now, with the expanded relationship, the new Vue™ system. According to the terms of the agreement, Keurig® is the exclusive low-pressure (30 psi or under), single cup brewing system of its kind offering fresh-brewed Starbucks® coffee and Tazo® tea. Starbucks and GMCR expect GMCR to distribute Starbucks Vue™ packs initially in specialty, department store, and mass retailers in the U.S. as well as on GMCR's consumer direct websites by fall 2012.
"The success of our Keurig® Single Cup Brewing system has been driven by choice -- choice of coffee brands and beverage varieties, and choice of brewer features and models. With the introduction of Vue™ we've expanded that choice even further, giving consumers a brewer with features and functionality they've told us they value most," said Lawrence J. Blanford, GMCR president and CEO. "We believe the customization offered by Vue™ and its appeal as a premium beverage solution will resonate with loyal Starbucks consumers, and we're pleased to have Starbucks® coffee as a brand option in the system as we move forward."
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Posted by Jay Brewer at March 22, 2012 7:38 AM