Reported 2 days ago
Kraft Heinz, a company in Warren Buffett's Berkshire Hathaway portfolio, is reportedly contemplating a significant breakup of its business, which could focus on separating sauces and spreads from processed meats and cheeses. This move comes as Kraft has struggled in recent years, with its stock down 17% over the past five years amid stagnant growth and shifting consumer preferences towards healthier foods. Although the full details of the potential split are not yet available, it could provide investment opportunities for the company and its shareholders.
Source: YAHOO