Kraft Heinz is planning a breakup
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Kraft Heinz is taking the macaroni & cheese out of its ketchup business in a mega-split after its infamous 2015 merger, according to a new report. The mammoth packaged foods company plans to spin off a big portion of its business, which includes Kraft products, into a new firm, The Wall Street Journal reported Friday, citing people familiar.
Bengaluru] Kraft Heinz is studying a potential spinoff of a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as US$20 billion on its own,
Kraft Heinz will release its second-quarter earnings later this month, and analysts anticipate a double-digit profit dip.
QXO appointed a new Chief Information Officer, effective July 14, bringing a decade of senior technology leadership from Kraft Heinz.
Kraft Heinz sells its Italian infant & specialty food brands, including Plasmon & Biaglut, to NewPrinces. Deal includes Latina factory. Closing by 2025.
Despite all the procedures, testing, safety measures, and standards across various industries, accidents happen. Unfortunately, sometimes they even cost lives. In 2024, hospitalizations and deaths from contaminated food doubled compared to the prior year,