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Stock impact report

Big Food gets leaner with divestitures and breakups as consumers turn away from packaged snacks [CNBC]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Company Research Source: CNBC
Key Points In 2024, nearly half of mergers and acquisitions activity in the consumer products industry came from divestitures, according to consulting firm Bain. To turn around their businesses and win back investors, food companies are counting on dumping underperforming brands. Kraft Heinz announced plans to split into two separately traded companies, reversing its 2015 megamerger, which was orchestrated by billionaire investor Warren Buffett. Justin Sullivan | Getty Images News | Getty Images Big Food is slimming down. As both consumers and regulators push back against ultra-processed foods, the companies that make them have been splitting up or divesting iconic brands. Last year, Unilever spun off its ice cream business into The Magnum Ice Cream Company Kraft Heinz is preparing to break up later this year, undoing much of the merger forged more than a decade ago by Warren Buffett's Berkshire Hathaway and private equity firm 3G Capital. And Keurig Dr Pepper is planning Show less Read more
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