BGA 9.44% $5.10 bega cheese limited

Bega Cheese and Fonterra kick off court trial over branding dispute

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    • Bega Cheese and Fonterra have started court trial proceedings this week in Melbourne
    • The trial stems from a 2002 licence branding deal that recently spurred issues after Bega bought a number of Kraft products in 2017
    • Fonterra has the rights to Bega Cheese — Bega alleges that Fonterra has breached a number of agreements and failed to meet standards in promotion
    • The trial is slated to run for five weeks, with a further two weeks of hearings expected to follow
    • Shares in Bega Cheese are trading 0.9 per cent higher today for $3.94 each
    • Shares in Fonterra are trading down today, by 2.93 per cent at $3.65 per share

    Click here for the entire article on The Market Herald
 
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