Wednesday, November 13, 2013

Starbucks to pay Kraft nearly $2.8 B for breach of contract

According to the Chicago Tribune, an arbitrator on Nov. 12 ordered Starbucks to pay Kraft’s former parent Mondelez International $2.23 billion in damages plus $527 million in prejudgment interest and attorneys’ fees after the coffee chain’s early termination of a grocery deal.



from IFT Daily News http://www.ift.org/Food-Technology/Daily-News/2013/November/12/Starbucks-to-pay-Kraft-nearly-$2-B-for-breach-of-contract.aspx

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