Share

Sommeliers Choice Awards 2023 Winners

Arbitrator Orders Starbucks to Pay Kraft $2.75B

Starbucks said on Tuesday that it would pay Kraft Foods $2.75 billion

14/11/2013

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) -

Read More at Source Beverage World 

More news