Aussie brand wins $9 million peanut butter dispute

Published

3 years ago

June 4, 2021

American food giant Kraft Heinz has agreed to hand over a whopping $9 million dollars to Aussie dairy giant Bega Cheese

The two companies have been locked in a legal dispute over Bega’s use of the current packaging of its smooth and crunchy peanut butter products.

In a statement to the market today Bega Cheese says the companies have entered into a confidential agreement, which involves Kraft Heinz paying Bega Cheese corporation $9.25 million.

Kraft was disputing Bega’s right to use the distinctive yellow label and yellow lid packaging.

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Aussie brand wins $9 million peanut butter dispute

American food giant Kraft Heinz has agreed to hand over a whopping $9 million dollars to Aussie dairy giant Bega Cheese

Kraft was disputing Bega’s right to use the distinctive yellow label and yellow lid packaging.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

Money

Investors worldwide grow increasingly optimistic about Trump winning the election

Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Money

Netflix expands use of ads despite slow subscriber growth

Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

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