Kraft Heinz pauses split as new CEO says problems are ‘fixable’
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Dive Brief: Kraft Heinz is halting plans to split its condiment and grocery staples businesses, with new CEO Steve Cahillane saying many of the food maker’s “challenges are fixable.” The CPG giant also plans to spend $600 million on marketing, sales, research and development, as well as on improving "product superiority" and potentially lowering prices. Cahillane said ...