Business: Dispute with Kraft costs Starbucks $2.7B

Source: USA Today

- Last modified: November 13, 2013 at 9:08 AM

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Starbucks owes Kraft Foods big-time.

An arbitrator on Tuesday concluded that Starbucks must pay $2.23 billion in damages plus $527 million in prejudgment interest and attorney's fees, following the coffee giant's early termination of a bagged coffee grocery deal between Starbucks and Kraft Foods.

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