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Arbitrator Orders Starbucks to Pay Kraft $2.75B
Starbucks said on Tuesday that it would pay Kraft Foods $2.75 billion
Starbucks said on Tuesday that it would pay Kraft Foods $2.75 billion, ending a long-running spat over an agreement the two food titans had for distribution of Starbucks packaged coffee in grocery stores. The payment was ordered by an arbitrator. The arbitration centered on the way Starbucks broke off its long-term relationship with Kraft three years ago over Kraft’s objections. (New York Times) -
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