Kraft Heinz Plans to Split into Two Focused Companies
TL;DR
Kraft Heinz plans to split into two separate companies, separating its slower-growing grocery business from its faster-growing sauces and condiments, in response to changing consumer preferences and market pressures, aiming to unlock value and focus on core brands.
- Kraft Heinz to Break Up Its Food Businesses The New York Times
- Kraft Heinz is splitting into two companies CNN
- Kraft Heinz to split a decade after their megafood merger Yahoo Finance
- The Kraft Heinz Company Announces Plan to Separate into Two Scaled, Focused Companies to Accelerate Profitable Growth and Unlock Shareholder Value The Kraft Heinz Company
- Kraft Heinz is splitting up NPR
Want the full story? Read the original reporting
Read on The New York Times