Reported about 22 hours ago
Kraft Heinz is splitting into two separate companies, Global Taste Elevation Co. and North American Grocery Co., a move prompted by changing consumer preferences for healthier options and declining sales over the past few years. Originally formed through a high-profile merger in 2015, the split aims to streamline operations and effectively allocate capital for brand growth. The company expects the separation to finalize in the second half of 2026, although it raises concerns for its 36,000 employees during the transition period.
Source: YAHOO