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Kraft Heinz considers breakup amid sluggish sales, changing consumer preferences: report

Kraft Heinz is reportedly considering a spinoff of a large chunk of its grocery business as health-conscious American consumers increasingly shy away from processed foods. The 31billionfoodandbeverageconglomerate,bornoutofthe2015mergerofKraftandHeinz,issaidtobemullingthecreationofanewentitythatwouldincludemanyKraftproductsandcouldbevaluedatasmuchas31 billion food and beverage conglomerate, born out of the 2015 merger of Kraft and Heinz, is said to be mulling the creation of a new entity that would include many Kraft products and could be valued at as much as 20 billion, the Wall Street Journal reported on Friday.The remaining company would house goods such as sauces and condi ...