KRAFT CONTINUES NEGOTIATION WITH LIANHUA, SEEKING SOLUTIONS
November 1st, 2010
BY WANG FANGQING
CHINA'S leading food retailer Lianhua Supermarket has stopped selling all biscuits made by Kraft Foods in its over 4,900 stores across China. Affected brands include Pacific, Oreo and Nabisco. Commenting to just-food.com on whether its action was prompted by Kraft failing to reach a revenue-share agreement demanded by Lianhua, the retailer refused to comment. However, Kraft said it is actively seeking solutions to the problem with the giant retailer. "We look forward to reaching constructive agreement with Lianhua," said a ...
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