America's food industry brands may be familiar, but that does not make them popular
supposed to be the quarter that Kraft Heinz showed America’s huge, struggling food companies a new model for success. A merger in 2015 had joined two of the world’s most iconic food makers. Backed byCapital, a private-equity firm, the new group slashed costs at a pace that made rivals shudder and investors swoon. After a failed bid in 2017 for Unilever, an Anglo-Dutch giant, Kraft Heinz set out to prove it could not just cut fat but boost sales on its own.
Meanwhile, the rise of e-commerce and European discount grocers has put pressure on food retailers, which are in turn squeezing food companies. Stores led by Walmart are using extensive data to launch their own, increasingly sophisticated, low-cost private label goods, all the while pushing companies to lower their prices.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kraft Heinz lawsuit targets 3G stock transfer, writedown, SEC probeKraft Heinz Co faces a new lawsuit questioning why controlling shareholder 3G Ca...
Read more »
Why the $15.4 billion Kraft Heinz brand write-down was unusualThe $15.4 billion impairment by Kraft Heinz wasn’t just one of the largest in corporate history. It also was unusual in how the write-down of its Kraft natural cheese business, Oscar Mayer cold cuts business and Canada retail business was carried out.
Read more »
Buffett's Berkshire, hurt by Kraft Heinz, posts massive quarterly lossA rough ride for the stock markets at the end of last year battered Warren Buffett's Berkshire Hathaway: It posted a rare net loss of $25 billion for the fourth quarter.
Read more »
Falling stocks, Kraft Heinz trigger huge Berkshire lossSinking stocks and deteriorating prospects from an investment in Kraft Heinz Co ...
Read more »
Warren Buffett’s Kraft Heinz Bet Dragged Down Berkshire Hathaway in 2018Warren Buffett’s Berkshire Hathaway swung to a $25.4 billion loss in the fourth quarter due to an unexpected write-down at Kraft Heinz and unrealized investment losses.
Read more »
1 Fund Avoided the Kraft Heinz Stock Bloodbath and It’s Because of ESG InvestingNuveen avoided the decline for a unique reason: It shunned Kraft Heinz stock because the company has weak scores in ESG, the sustainable investing philosophy that looks at, and is short for, environmental, social, and governance metrics.
Read more »
Kraft Heinz downgraded multiple times after earnings announcement filled with bad newsA number of analysts have downgraded Kraft Heinz stock and slashed their price targets after the food company revealed an earnings miss and more.
Read more »
Kraft Heinz reportedly considers selling Maxwell House businessKraft Heinz Co. may sell its Maxwell House coffee business, CNBC reported Sunday, and has hired investment bank Credit Suisse to explore its options. CNBC reported a sale could be priced at $3 billion or more. Sources told CNBC that Maxwell House could be the first of several divestitures as the food giant looks to streamline itself. Kraft Heinz shares plunged 27% on Friday, their worst trading day ever, after reporting disappointing fourth-quarter earnings Thursday.
Read more »