Starbucks denies Kraft performed ‘well’

Posted Dec. 29, 2010 at 7:01 a.m.

From Bloomberg News | Starbucks Corp. denied Kraft Foods Inc.’s claim that the foodmaker has performed “exceptionally well” under an agreement that Kraft claims gives it exclusive rights to sell Starbucks coffee in grocery stores through 2014.

“Starbucks avers that it has repeatedly expressed its dissatisfaction to Kraft regarding Kraft’s performance” under the agreement, the world’s biggest coffee shop chain said in its answer to Kraft’s complaint. Get the full story>>

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