Starbucks to pay US$2.8b to Kraft

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Starbucks must pay Kraft Foods US$2.76 billion ($3.36 billion) after it ended the companies’ grocery deal at least three years early, the coffee chain said on Tuesday. Mondelez International spun off Kraft Foods, its North American grocery operations as an independent company in October 2012. Under an agreement between those two companies,…

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