Kraft Heinz Announces Landmark Split into Two Independent Companies
Kraft Heinz Announces Landmark Split into Two Independent Companies Food giant Kraft Heinz has confirmed a major restructuring, announcing its intent to split into two independent publicly traded companies. This significant move aims to unlock shareholder value and sharpen focus after years of underperformance and shifting consumer preferences. The breakup follows a challenging decade for the conglomerate, which was formed in a 2015 megamerger orchestrated by billionaire investor Warren Buffett, an investment he later acknowledged as a ‘misstep.’ Both Kraft…