Mondelez

2 Stories

Kraft Kerfuffle Costs Starbucks $2.7B

Settlement ends packaged-coffee battle

(Newser) - Starbucks has to cough up an eye-popping $2.76 billion to settle a dispute with Kraft over coffee distribution, an arbitrator has decided. The two companies had been locked in a fight for three years after Starbucks fired Kraft as its distributor of packaged coffee to grocery chains, complaining that...

Kraft Spins Off Snacks in Crummy New Name
 Kraft Spins Off Snacks 
 in Crummy New Name 
MONDELEZ?

Kraft Spins Off Snacks in Crummy New Name

'Mondelez' will be on back of Oreos, other snack foods

(Newser) - Kraft is spinning off its snack business from its grocery business, and it seemingly couldn't have come up with a stranger new name for the snacks portion: Mondelez. That's pronounced "mohn-dah-LEEZ," Bloomberg reports, and experts are scratching their heads over the awkward choice. It's a...

2 Stories