Reported about 21 hours ago
Kraft Heinz is considering merger and acquisition opportunities due to a decline in consumer demand for its premium snacks and ready-to-eat meals. The company acknowledged challenges such as increasing tariffs and a shift towards healthier food options driven by weight-loss drugs. Furthermore, Berkshire Hathaway announced it will no longer hold board seats, although it maintains a 27.5% stake in Kraft Heinz. The company has faced scrutiny from investors, particularly after its costly merger in 2015.
Source: YAHOO