Reported 1 day ago
Large food companies are reevaluating their futures as they confront significant challenges, including shifts in consumer preferences and regulatory pressures. Notable movements include Kraft Heinz possibly breaking up, Ferrero's acquisition of WK Kellogg for $3.1 billion, and PepsiCo's purchase of Poppi for $1.95 billion. Analysts suggest these firms, facing stagnant core business performance, are proactively seeking to acquire high-growth brands. This reflective period marks a notable shift from what has traditionally been a stable industry.
Source: YAHOO