Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies' grocery deal at least three years early.
November 12/Seattle/Reuters -- Starbucks Corp must pay Kraft Foods $2.76 billion after it ended the companies' grocery deal at least three years early, the coffee chain said.
Mondelez International Inc. spun off Kraft Foods, its North American grocery operations as an independent company in October 2012. Under an agreement between those two companies, Mondelez will receive all proceeds from the Starbucks-Kraft dispute.