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Warren Buffett gurus say he made a 'rare' mistake with Kraft Heinz, now food giants are breaking up

Kraft Heinz is splitting after ten years because changing consumer tastes, cheaper rivals, weight-loss drugs, and aggressive cost cuts harmed innovation and performance.

fromABC7 Los Angeles

2 weeks ago

Kraft Heinz undoes blockbuster merger after a decade of changing tastes

But shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz and other food producers have tried to follow those trends. In 2021, Kraft Heinz sold both its Planters nut business and its natural cheese business, vowing to reinvest the money into higher-growth brands like P3 protein snacks and Lunchables. But the company continued to struggle, and Kraft Heinz's net sales fell 3% in 2024.

Business

fromFortune

2 weeks ago

Kraft Heinz to split in 2 after 10 years as one of the largest food companies in history

Kraft Heinz will split into two companies, separating shelf-stable meal brands from North American grocery brands and reversing the decade-old merged structure.

#skechers

fromEntrepreneur

4 months ago

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