Kraft Heinz Announces Plan to Split Into 2 Companies

Date:

Kraft Heinz Announces Plan to Split Into 2 Companies

Kraft-Heinz products on a grocery store shelf in New York City, on March 25, 2015. Brendan McDermid/Reuters

Multinational food corporation The Kraft Heinz Company will split into two companies in a bid to boost profits and unlock shareholder value, the company said in a Sept. 2 statement.

Kraft Heinz was formed in 2015 by the merger of Kraft Foods and H.J. Heinz.

spot_imgspot_imgspot_img

Share post:

More like this
Related

More Than 5,000 Pounds of Cocaine Captured, 11 Smugglers Arrested in Marine Interceptions

U.S. authorities partnered with foreign partners to recover 783...

Pentagon Blacklist Exposes Beijing Weaponization of Commercial Giants for Military Ambitions: Analysts

Chinese People’s Liberation Army soldiers assemble during military training...

Trump Wants to End Conflict Between Russia, Ukraine, According to Kremlin Adviser

(Left) Ukrainian President Volodymyr Zelensky in Rome, Italy, on...

US, Iran Reach Peace Deal, Trump Authorizes Opening of Strait of Hormuz

Vessels are anchored in the Strait of Hormuz, as...