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Mondelez Sells Vegemite, Other Brands

Mondelez has sold several brands including Vegemite to Australian firm Bega Cheese Ltd. for $348 million The right to produce Kraft-branded products, from processed cheese to peanut butter and mayonnaise, are part of the sale, but Philadelphia cheese products are not included. The Kraft license will be royalty-free until December as part of transitional arrangements.

Read the whole story at Business Insider »

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