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News

Kraft Heinz is planning a breakup

Reuters on MSN · 5h
Kraft Heinz is planning a breakup that values part of grocery business at $20 billion, WSJ reports
Kraft Heinz is looking to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own, the Wall Street Journal reported on Friday.
The Wall Street Journal on MSN · 5h
Kraft Heinz Is Planning a Breakup
The company’s stock has underperformed since its megamerger in 2015 and changing consumer tastes have hampered results.
Bloomberg on MSN · 5h
Kraft Heinz is said to prepare to break itself up
Kraft Heinz Co. is preparing to break itself up, people familiar with the matter said. Under the plan, the company could spin off a large part of its grocery business into a new entity, according to the people. This would allow it to focus on faster-growing segments such as sauces, they said.
4hon MSN
Kraft Heinz is taking the macaroni & cheese out of its ketchup business in mega-split after infamous merger
Kraft Heinz is taking the macaroni & cheese out of its ketchup business in a mega-split after its infamous 2015 merger, ...
3h
Stocks to Watch Recap: Kraft Heinz, Levi Strauss, AMC, Intel
The packaged-foods giant is preparing to break itself up, according to a report in The Wall Street Journal. Shares turned ...

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