McDonald's, Keurig Dr Pepper in Licensing, Distribution Agreement for McCafe Packaged Coffee
September 26 2019 - 8:51AM
Dow Jones News
By Michael Dabaie
McDonald's Corp.'s (MCD) McDonald's USA and Keurig Dr Pepper
Inc. (KDP) said they are in a long-term master licensing and
distribution agreement for McCafe packaged coffee in the U.S.
Under the agreement, Keurig Dr Pepper will continue to be the
exclusive manufacturer of McCafe K-Cup pods in the U.S.
KDP will also take on responsibility for coffee sourcing,
distribution and marketing of the McCafe brand in K-Cup pods and
bagged and canned coffee formats in all classes of trade, including
retail and e-commerce, beginning in the second half of 2020.
McDonald's said the McCafe packaged coffee business was launched
with Kraft Heinz Co. (KHC) in 2014.
McDonald's said it, Kraft Heinz and Keurig Dr Pepper will work
together on a transition in the second half of 2020.
Keurig Dr Pepper shares rose about 3% to $27.75 premarket.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 26, 2019 08:36 ET (12:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Kraft Heinz (NASDAQ:KHC)
Historical Stock Chart
From Apr 2023 to Apr 2024