Once upon a time, America spelled cheese K-R-A-F-T, and Oscar Mayer had a way with B-O-L-O-G-N-A. But lately, those brands haven’t been doing well for their owner, Kraft Heinz. The packaged-foods giant announced that it’s writing down the value of Kraft and Oscar Mayer by more than $15 billion. In today’s market, those iconic brands […]
Culinary snobs may sneer, but the resulting sauce has a long history.
Kraft-Heinz will release second quarter earnings after the markets close on Thursday. Those profits may be squeezed by an ongoing price war between Amazon and Walmart. Suppliers like Kraft have found themselves caught in the crossfire as the two giant retailers pressure them for lower prices. Click the audio player above to hear the full […]
Quarterly earnings from several big food manufacturers will be announced this week, including the maker of Oreos and Ritz crackers, Mondelez. Kraft, Heinz and Kellogg will report their earnings later in the week. Packaged foods manufacturers have hit a rough patch in recent years as some consumers spurn big brands in favor of healthy, less […]
U.S. food company Kraft Heinz offered $143 billion for the British-Dutch consumer goods conglomerate Unilever. Unilever rejected the proposal, but Kraft Heinz said it looks forward to reaching an agreement on the terms of a transaction. If the deal does eventually go ahead, it would be one of the largest acquisitions on record. It’s just […]
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