Starbucks Unit Objects to Ending Borders Licensing Agreement

Starbucks Corp. unit Seattle’s Best Coffee LLC asked a bankruptcy judge to reject Borders Group Inc.’s request to end the companies’ licensing agreement.

Borders isn’t entitled to cancel the agreement and continue to use Seattle’s Best’s trademarks and products, the coffee company said today in a filing in U.S. Bankruptcy Court in Manhattan. Seattle’s Best also disputed Borders’s claim that terms of the agreement are excessive.